Style Passport, the website providing clothing and accessories for holidays, has received a £500,000 investment from the Government’s Business Angel Co-Investment Fund.
The etailer which was founded by Sarah Walter, the wife of GQ editor Dylan Jones, received half of the £500,000 sum from the fund and the other half from private investors.
Style Passport sells labels including Matthew Williamson, Anya Hindmarch and Barbour as well as beauty products designed to appeal to those going on holiday.
The Government’s Business Angel Co-Investment Fund invests in UK-based small to medium-sized businesses alongside syndicates of business backers.
The £50m Business Angel Co Investment Fund (Angel CoFund) launched in November 2011, with a grant from the Regional Growth Fund and invests alongside business angel syndicates from across England.
The fund was designed and established by a consortium of private and public bodies with expertise in business angel investment.