Lithuanian fashion female-founded sustainable knitwear The Knotty Ones raises €250K for US expansion and empowering women in Lithuania

The Knotty Ones makes cute knits that are sustainable. Inspired by old-school local crafts, the company focuses on Northern aesthetics, natural materials and ethical manufacturing. Each piece is meant to last a lifetime. Here are details of The Knotty Ones’s latest funding round :

🚀 Launch

2014

🏭 Industry

Fashion

🧠Management

Danutė Rasimaviciute (Co-Founder), Akvilė Meškauskaitė-Dobrajs (Co-Founder & COO), Sandra Pangonyte (Co-founder & CCO)

💸 Funding & Investors

INVESTMENT (October 2023)€250,000
INVESTORS (October 2023)a group of female investors – including Giedrė Dukauskaitė, a famous model and long-time ambassador of “The Knotty Ones”, and Viktorija Trimbel, the Managing Director of Coinvest Capital. A women angels’ syndicate has also been formed specifically for this investment, with the goal of making it more accessible for women who want to start investing with smaller tickets.

🎯 Funding purpose

US expansion

🌐 Country HQ

Lithuania (Vilnius)

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