Footwear brand Kat Maconie has secured investment from a venture capital fund that includes Next chief executive Lord Wolfson among its investors.
It is the first fashion investment made by Pembroke Venture Capital Trust. Wolfson’s brother Andrew is the chief executive.
Andrew Wolfson said: “The Pembroke team were all impressed by Kat’s passion, commercial judgement and determination, which have already made her a credible brand in the mid-market shoe business.”
Maconie – currently Drapers’ Footwear Designer of the Year and one of our ’30 Under 30’ – plans to use the investment to expand her main collections, expand the sales and marketing team and relaunch the brand’s website.
The brand is available in 16 countries.
Maconie said: “The investment will enable me to take the business to the Next level and I’ve already secured some fantastic introductions via Pembroke’s large network of high-profile contacts.”
Pembroke is looking to invest in further small fashion companies which show “entrepreneurial flair”.