UK e-jeweler Taylor & Hart locks in funding

London-based Taylor & Hart, an e-jeweler, has raised over 3.6 million pounds in funding. Active Partners led the round with participation from Paddy Byng, a former managing director at Asprey and Smythson and Launchub Ventures.

PRESS RELEASE

August 2019, London – Premium London-based e-jeweller Taylor & Hart has completed a landmark funding round led by Active Partners, who are joined by new investor Paddy Byng (previously Managing Director at Asprey and Smythson). Active Partners are renowned for investing in customer-centric businesses; backing founder-led teams running brands that demonstrate exceptional levels of consumer engagement, examples being professional womenswear house, The Fold, spectacles maker, Cubitts and healthy fast food chain, Leon. The total round amounts to just over £3.6M with participation on the round from existing investors Launchub Ventures.

2018 and 2019 have been extremely successful years for Taylor & Hart. Since the previous funding round, the business has more than doubled its monthly revenue, grown to a team of 40 across four countries, and now delivers to customers in over 20 countries. More significantly, to continue to ensure customers have the best jewellery experience possible, the design team has doubled and Taylor & Hart will soon announce the opening of a brand-new showroom.

With this latest round of funding, Taylor & Hart will continue working towards a vision of disrupting the process of buying fine jewellery. Offering a transparent, fairly-priced and flexible design process, Taylor & Hart prides itself on delivering exceptionally high-quality and personalised pieces to customers.

Following an award-winning marketing campaign in 2018 which saw the brand achieve ‘Marketing Campaign of the Year’ at the Retail Jeweller Awards, Taylor & Hart plans to invest further in enhancing brand awareness, and bringing its distinctive proposition to more customers.

Referencing the partnership with Active Partners, Taylor & Hart Founder & CEO Nikolay Piriankov states:

“With Active Partners on board we now believe we have the external capital and expertise to complement our amazing team to succeed in growing the business and owning the ‘bespoke’ space in fine jewellery.”
Jason Mahendran from Active Partners added:

“Taylor & Hart is a true challenger in a traditional category, with a unique and genuine focus on customer service and product quality which has impressed us. We look forward to working with Nikolay and the team on the evolution of the brand and its continued growth.”