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Men's Grooming Start-Up Scotch Porter Lands New Funding

June 09, 2021 BeautyMatter
June 09, 2021
Scotch Porter

Scotch Porter, the producer of multipurpose, handmade, better-for-you, male grooming products, closed a funding round that was led by Stage 1 Fund.

WHO: Calvin Quallis founded Scotch Porter in 2015 after quitting his corporate job to follow his passion, and opened a barbershop following in his mother’s footsteps. From there he worked out of his kitchen using botanicals and other nontoxic or non-carcinogenic ingredients to make products that would solve his customers' needs, evolving into a full range of better-for-you multifunctional grooming products for men across hair, skin, and body.

Stage 1 Fund is a consumer-focused venture capital fund, leveraging both a proprietary pipeline of investment prospects and first-hand quantitative and qualitative diligence through its counterpart Stage 1 Financial. Data from Stage 1 Financial’s service business, combined with deep analytical expertise, significantly reduces the risk profile of investments, leading to a higher probability of return for investors. Current investments include HATCH, Herbivore Botanicals, Lemon Perfect, Ellis Brooklyn, Spudsy, Freck Beauty, Cybele’s Free to Eat, Saie, Bond Pet Foods, and now Scotch Porter.

IN THEIR OWN WORDS: Calvin Quallis, founder & CEO of Scotch Porter, shared, “It’s been such a pleasurable experience working with Jeremy Triefenbach, the Stage 1 Financial team, and Stage 1 Fund. We look forward to this 2nd phase of growth with such solid partners behind us.”

David Bartholomew, Partner of Stage 1 Fund, added, “Stage 1 Fund is extremely excited to partner with Calvin Quallis & the Scotch Porter Team. Scotch Porter has come to market with superior men’s grooming products which have been validated by their strong customer base across all SKUs and through the recurring purchases by this loyal customer base. The brand is poised for explosive growth going forward via significant distribution at national retailers and DTC channels. We look forward to our continued partnership and support of this amazing brand through Stage 1 Fund & the Stage 1 Financial Team.”

Katy Triefenbach, CEO at Stage 1 Financial, said, “We are thrilled to welcome Scotch Porter to the Stage 1 Fund family. From the first moment I met Calvin I knew he was an entrepreneur we wanted to support. Scotch Porter is not only positioned to provide products in a category ripe for disruption, but Calvin himself has an irresistible personality. Our team at Stage 1 Financial enjoys working with him and helping to build his brand. I believe the next 12 months will be such an exciting time for the entire Scotch Porter team.”

DETAILS:

  • Scotch Porter closed a funding round led by Stage 1 Fund.
  • In February 2020 the brand announced a new packaging design reformulation, new category launches, and the rollout into select Target locations.
  • According to Pitchbook, the company raised a $1.41 million seed round in July of 2017, followed by crowdfunding on Indiegogo in 2018 and participation in the Target Accelerator in 2019.
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