WARWICK – SquadLocker has closed a $20 million round of Series C financing, the company announced on Tuesday.
The round was led by ABS Capital Partners, a late-stage-growth company investor. ABS general partner Mike Avon will join the board of directors at SquadLocker as a result of the financing round.
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SquadLocker is an athletic-apparel design and ordering company. The company offers customers an e-commerce platform and also manages production and fulfillment.
Existing investors Causeway Media Partners, an investment fund focused on sports technology and lead investor Jim Lombardi also participated in the financing round, according to the company.
The funds will be used to further develop growth initiatives, including the expansion of channel partner relationships, the company said.
“SquadLocker is poised to continue playing a pivotal role in the custom sports gear, equipment and apparel industry,” said SquadLocker founder and CEO Gary Goldberg. “We look forward to working with ABS Capital as we continue our rapid growth by delivering our services to more organizations, schools and teams.”
This is not the first time the company has closed a sizable financing round. In 2017, the company closed a $7 million Series B financing round.
