About ACS Clothing
ACS Clothing is a company based in Holytown (United Kingdom) founded in 1997 by Joe Freedman and Richard Freedman was acquired by Circularity Capital in November 2022. It operates as a Circular Economy, and Managed Services. ACS Clothing has raised $17.03 million across 2 funding rounds from investors including Growth Lending and Circularity Capital. ACS Clothing offers products and services including Circular Fashion Solutions and Garment Cleaning.
- Headquarter Holytown, United Kingdom
- Founders Joe Freedman, Richard Freedman
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Acs Clothing Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.03 M (USD)
in 2 rounds
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Latest Funding Round
$3.47 M (USD), Unspecified
Jun 28, 2021
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Investors
Growth Lending
& 1 more
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Employee Count
Employee Count
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Acquired by
Circularity Capital
(Nov 25, 2022)
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Products & Services of ACS Clothing
ACS Clothing offers a comprehensive portfolio of products and services, including Circular Fashion Solutions and Garment Cleaning. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Reverse logistics for circular fashion are managed comprehensively.
Garments are cleaned weekly using innovative ozone technology.
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Funding Insights of ACS Clothing
ACS Clothing has successfully raised a total of $17.03M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $3.47 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Unspecified — $3.5M
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First Round
First Round
(17 Sep 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Unspecified - ACS Clothing | Valuation | Growth Lending |
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| Sep, 2016 | Amount | Unspecified - ACS Clothing | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ACS Clothing
ACS Clothing has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Growth Lending and Circularity Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth Lending is recognized as a specialist lending partner focused on providing funding solutions to fast-growing SMEs.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward small and medium-sized businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ACS Clothing
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ACS Clothing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Acs Clothing Comparisons
Competitors of ACS Clothing
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about ACS Clothing
When was ACS Clothing founded?
ACS Clothing was founded in 1997 and raised its 1st funding round 19 years after it was founded.
Where is ACS Clothing located?
ACS Clothing is headquartered in Holytown, United Kingdom. It is registered at Holytown, North Lanarkshire, United Kingdom.
Who is the current CEO of ACS Clothing?
Richard Freedman is the current CEO of ACS Clothing. They have also founded this company.
Is ACS Clothing a funded company?
ACS Clothing is a funded company, having raised a total of $17.03M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $13.56M, raised on Sep 17, 2016.
What does ACS Clothing do?
ACS Clothing is engaged in enabling fashion brands and retailers to transition from linear to circular economy models. Operations are focused on reverse logistics, garment cleaning, and stock management across menswear, womenswear, and babywear. Innovative technologies, such as O Ozone cleaning, are utilized to ensure sustainability. Services are provided to facilitate rental, resale, and renewal processes within the fashion sector. A purpose-built facility with advanced garment handling technology is maintained to support these activities.
What products or services does ACS Clothing offer?
ACS Clothing offers Circular Fashion Solutions and Garment Cleaning.
Who are ACS Clothing's investors?
ACS Clothing has 2 investors. Key investors include Growth Lending, and Circularity Capital.