Asket raised $800k in capital from angel investors.
Asket, a Stockholm, Sweden-based creator seller of timeless and sustainable wardrobe essentials for men, raised SEK 7.3M ($800k) in capital investment.
The investors in the round include a range of Swedish angels, such as Marcus Lewold, Peder Stahle, Petrus Palmér and David Frykman.
Asket, founded in 2015 by August Bard-Bringéus and Jakob Dworsky, built a fashion operation based on manufacturing and selling what they call sustainable garment. The project started from the idea of developing the perfect t-shirt and has become an activist player of the fashion industry.
The company is yet to become profitable, at a 2018 turnover of about SEK 20M ($2M) from clients based in Germany, Sweden, the UK and the US.