Men's grooming brand Scotch Porter closed new funding led by investment and advisory platform Pendulum.

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.

WHY: The funding will be used to scale operations and expand the product offering.

IN THEIR OWN WORDS: "We are excited to partner with Calvin and the Scotch Porter team to support the company through its next phase of growth," said Pendulum Managing Director Ron Mackey. "With its differentiated product offering and broad distribution, Scotch Porter is well positioned for continued expansion in the men's personal care market."

DETAILS:

• Scotch Porter closed an $11 million Series B led by investment and advisory platform Pendulum, which focuses on businesses and brands owned by entrepreneurs of color. 
• WWD reported that Scotch Porter achieved retail sales growth of 96% year-over-year in 2021.
• In June 2021, Scotch Porter closed a funding round led by Stage 1 Fund. Pitchbook reported the size of the round to be $4.7 million.
• In February 2020, the brand announced a new packaging design reformulation, new category launches, and 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.