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Recently Funded|Amount: USD 20.0M|Industry: Retail

Patagonia Secures $20 Million Funding to Fuel Environmental Activism and Growth

Patagonia

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1,001-5,000 employees employees (Est.)
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In a significant boost for environmentally-conscious consumerism, Patagonia has proudly announced a successful fundraising round of $20 million, reinforcing its commitment to sustainability and the preservation of our planet. Founded in 1973 by renowned environmentalist Yvon Chouinard in Ventura, California, Patagonia has long been at the forefront of the outdoor apparel industry, celebrated not only for its high-quality products but also for its relentless advocacy for environmental awareness and activism. As a certified B-Corporation, the company has set the gold standard in ethical business practices, pledging 1% of its sales annually to fight climate change, resulting in over $100 million in grants and contributions to environmental initiatives since 1985. The newly acquired funds will be vital in expanding Patagonia’s innovative product lines while strengthening its vast network of environmental partnerships. The company aims to enhance its ability to create affordable and sustainable apparel, reduce carbon footprints, and amplify its crucial efforts in restoring natural habitats. Furthermore, Patagonia remains committed to recruiting a passionate workforce that shares its core values—outdoor enthusiasts who thrive in nature and foster a deeper connection to the environment. Interested candidates can learn more about career opportunities at Patagonia by visiting their Careers website at http://www.patagonia.com/us/careers. This funding milestone not only marks a new chapter for Patagonia but also symbolizes a growing movement toward conscious capitalism, promoting a brighter future for both business and our planet.
August 13, 2024

Buying Signals & Intent

Our AI suggests Patagonia may be interested in solutions related to:

  • Environmental Activism
  • Sustainable Manufacturing
  • Outdoor Gear Sales
  • Repair and Maintenance Services
  • Community Engagement

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