London-based AllBright raises £13m
AllBright, the global collective comprised of members clubs, special event programming and a digital network that connects smart-thinking women, is today announcing a £13m funding round led by Cain International.
This takes the total amount of capital raised for the business to over £25m.
Cain International is leading the round as AllBright capitalises on the success of the opening of its two UK women’s members clubs, with Los Angeles, New York City and Washington DC opening in the coming months.
This investment round is set to fund the international roll-out of further sites and the growth of AllBright’s digital community.
Alongside Cain International, other angel investors include Allan Leighton (AllBright Non-Executive Chairman and former CEO of ASDA); Gail Mandel (former President and CEO Wyndham Destination Network); Stephanie Daily Smith (DNC Consultant, former Deputy National Finance Director to Senator Hillary Clinton); and Darren Throop (Founder, President and CEO of Entertainment One).
Debbie Wosskow OBE, Co-Founder of AllBright, said: “We are hugely excited about the global expansion of AllBright, to the US and beyond.
“Since launching AllBright, we have grown rapidly into a destination brand for women from all sectors. AllBright has galvanised a strong and dynamic community of like-minded women and we are excited about growing this community globally as we continue to develop the business.”
Jonathan Goldstein, CEO of Cain International, said: “We believe in AllBright – since Cain International’s initial investment in 2017, we have supported the execution of the business’s long-term growth strategy and watched with pride as it has created a supportive space for working women to achieve their goals and given them with the tools to do so.
“Our US footprint positions us perfectly to help Anna and Debbie realise their vision of growing AllBright and its digital network on a global scale. We’re incredibly excited to continue our journey with them.”