SCOTTISH Equity Partners is among the investors who have put £9.5 million into online sportswear flash sale business SportPursuit.
The London company, which had revenue of £10m last year, offers heavily discounted products from the likes of Under Armour, Berghaus, Marmot, Garmin and Haglofs.
Other investors include Grafton Capital and Draper Esprit.
Stuart Paterson, partner at SEP said: “We are particularly impressed with the dynamic and talented management team at SportPursuit and the rapid growth they have achieved to date.
“Their strong background in retail strategy and their clear focus on the premium end of the sports clearance market makes them well placed to capitalise on their current position in the UK and to translate that globally.”
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