Coolibar Secures $1.5 Million in New Financing
Summary
protective clothing, today announced it has secured $1.5 million in financing led by new investors LFE Capital and co-investor AAVIN Equity Partners. Since its introduction in 2001, Coolibars specially designed clothing has provided a simple foundation for guaranteed protection from the suns harmful ultraviolet (UVA, UVB) rays. "As awareness of melanoma and other skin cancers has increased, Coolibar has demonstrated its ability to execute and rapidly grow while maintaining its high standards for product quality and customer satisfaction," said Ron Leaf, Chief Investment Officer for LFE. "With a strong, experienced management team, Coolibar is a leader in the market for sun-protective clothing and is well-positioned for long-term growth," said Thies Kolln, Associate Partner for AAVIN. Avery brings significant direct marketing experience to Coolibar, having founded and grown the countrys 50th largest catalog company with revenues of approximately $200 million.