Cooley advised ecommerce medical apparel company Figs on raising $65 million in an investment round led solely by holding company Tulco.
Founded in 2013 by Heather Hasson and Trina Spear, Figs has now raised a total of $75 million. Figs is focused on transforming the medical apparel industry by prioritizing design, technical fabrications and comfort. Its apparel is antimicrobial, wrinkle resistant, stain repellant, lint free and utilizes four-way stretch.
As reported by Forbes and according to PitchBook data, the new funding represents the fourth largest investment for a female-founded company last year. Figs says the funds will be used for advancements in technology, customization and to buy out existing investors. The infusion of capital will also propel the current pipeline, which includes international expansion.
Cooley advised with a team including Dave Young (Picture), Josh DuClos, Danielle Warner, Matt Beaudoin, Barbara Mirza, Ross Eberly, Mark Windfeld-Hansen, Todd Gluth and Pete Wenzel.
Involved fees earner: Dave Young – Cooley LLP; Josh DuClos – Cooley LLP; Danielle Warner – Cooley LLP; Matt Beaudoin – Cooley LLP; Barbara Mirza – Cooley LLP; Ross Eberly – Cooley LLP; Mark Windfeld-Hansen – Cooley LLP; Todd Gluth – Cooley LLP; Pete Wenzel – Cooley LLP;
Law Firms: Cooley LLP;
Clients: Figs Inc.;