La Passione secures strategic growth plan with a new investment round

New investment round


July 2021

Cycling and textile culture, technology and a lot of "passion": these are the ingredients of the growth of La Passione, which is announcing a new investment round to secure strategic growth plan, achieving a total investment of 7 million euros over four years.

New financial operation for the Direct-to-Consumer cycling clothing brand. "We are very happy to receive unceasing appreciation not only by the market - explains Giuliano Ragazzi - CEO & Founder of La Passione - but also from our historical investor members, important international investment funds and business angels, who have immediately believed in us and are enthusiastically providing their resources and experiences to strengthen the success of the brand. We have climbed many positions in the market in terms of sales, becoming a relevant brand in the industry. Now we want to increase our brand awareness, exploring new territories where online and offline marketing are integrated. The round will grant the development of these new projects”.

“Our business model - continues Yurika Marchetti, COO & Founder - has already allowed us to reach over 41 countries in a short period of time, establishing solid relationships with clients from every corner of the world and from every continent. We are focusing on the creation of new product lines dedicated to new end-users, people who have rediscovered the bicycle for different reasons - pandemic, pollution, traffic – and using it not only as a sport, but also as a practical and useful everyday mobility vehicle”.

Shooting Founders La Passione

For this new round, following the one done in 2019, the institutional investors originally onboard with La Passione since the beginning are confirming their trust in the project: Milano Investment Partner (MIP), Club Italia Investimenti 2, Club Digitale and Cyclo Club.
Two valuable business angels are also joining, both with more than 15 years of different experiences useful for the growth of La Passione: Alberto Grignolo, ex-Coo of Yoox Net-a-Porter Group, and Andrea Tonti, ex-professional cyclist with active participation in numerous editions of the Tour de France, Giro d'Italia and World Championships.
La Passione is today the sole pure player DTC cycling clothing brand, with a 2021 turnover that will grow further - involving more than 40 nations - and exceeding 10 million euros, 35% of which in the USA and UK, followed by Germany, Holland, Belgium, France, Italy and Spain.

"I am honored to fully confirm my trust in La Passione - says Alberto Grignolo – in its co-founders and in the team. The project is the best expression of Italian potentials in the digital world: market intuition, product and style Made in Italy, perfect digital execution. All to a global reach. The extraordinary growth and great successes achieved by La Passione in 2020 are further proof of the enormous potential of this project".


La Passione is a Digital-Native-Vertical-Brand founded in 2015 from the vision of Giuliano Ragazzi and Yurika Marchetti, which places particular attention on fundamental values like high quality Italian craftmanship, in the service of a contemporary, sophisticated, elegant and functional cycling clothing.

Media Contacts

Matteo Sanguineti
matteo@lapassione.cc

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