POINT 3 Basketball announced that it has closed its Series A investment round, led by angel investors from the apparel, sports, technology and finance industries, several of whom participated in POINT 3’s seed financing in 2010.
POINT 3 Basketball announced that it has closed its Series A investment round, led by angel investors from the apparel, sports, technology and finance#
The seven-figure total investment will be used to further grow the company’s direct-to-consumer sales channels, expand the reach of the brand, and its ability to commercialize POINT 3 owned intellectual property. This investment also allows POINT 3 to secure a revolving credit line through Synovus Bank, which will fund manufacturing costs to supply the company’s passionate consumer base with an expanded product line.
POINT 3 Basketball announced that it has closed its Series A investment round, led by angel investors from the apparel, sports, technology and finance#
“We are extremely excited at the response to this offering from the investment community,” said Michael Luscher, Founder & CEO of POINT 3. “We have seen demand accelerate quickly for our garments – now we are well-positioned to supply that demand and continue to innovate for the basketball player.”
POINT 3 Basketball announced that it has closed its Series A investment round, led by angel investors from the apparel, sports, technology and finance#
POINT 3’s growth has been fueled by what many in the media have called “The World’s Best Basketball Shorts” – the first ever to include absorbent panels of fabric on the garment’s exterior, marketed under the Patent Pending DRYV Moisture Control.
POINT 3 Basketball announced that it has closed its Series A investment round, led by angel investors from the apparel, sports, technology and finance#
With Series A investment now secured, POINT 3 will focus on integrating DRYV into several new styles set to release around the upcoming holiday season, and a new team uniform catalog which will launch in 2014.
POINT 3 Basketball announced that it has closed its Series A investment round, led by angel investors from the apparel, sports, technology and finance#
POINT 3 Basketball is the only performance apparel brand dedicated to evolution in basketball gear. Founded in 2010, POINT 3’s exclusive focus on the on-court needs of the basketball player led to the development of DRYV Moisture Control, a Patent Pending textile technology designed to absorb moisture where ballplayers need it most.
POINT 3 Basketball announced that it has closed its Series A investment round, led by angel investors from the apparel, sports, technology and finance#
POINT 3 Basketball
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