ICA Accelerates Sportswear Manufacturer’s Goal 5 with $ 500,000 Investment


OAKLAND, California, March 31, 2021 / PRNewswire / – Goal Five, the fast-growing female-led, consumer-oriented sportswear brand, is the latest addition to the CIA’s investment portfolio.

Goal Five is leading the charge of creating a new kind of sportswear business by creating a brand that seamlessly merges its technical sportswear for women, with its mission to bring gender equality in sport. ICA is proud to support the growth of the brand by leading its round table $ 500,000 investment.

Situated at Oakland, California, and co-founded by entrepreneurs Anne Kletz, Carrie Kessler, and Keely Wachs, Goal 5 takes its name from the United Nations Sustainable Development Goal 5: “Achieve gender equality and empower all women and girls”.

Under Ann’s leadership, Goal Five has grown rapidly while creating the highest quality athletic wear possible for women. In 2020, the company saw 500% year-over-year growth despite manufacturing and shipping challenges caused by the global pandemic.

“This investment comes at an important time for goal five: our business is growing rapidly and we have bold plans for the future. Having a partner like ICA who believes in our mission and understands the potential of this investment is extremely important ”mentioned Anne Kletz, CEO of Goal Five. “By working in partnership with ICA, we feel well placed to evolve the business and bring the balance of capital to close this cycle.”

As a nonprofit venture capital community development financial institution, the CIA makes investments that support our mission to accelerate great corporations to close the wealth gap between races and sexes. The fifth objective is a prime example of this mission in action. Internally, the company raises the voice of women through its predominantly female-led staff, management team, board of directors and investor group. Indeed, 92% of Goal Five staff and 63% of its advisers are women. The company offers fair wages, stock options, flexible hours and remote work from home to all of its employees, and it donates a percentage of its profits and clothing to sports organizations serving women. girls from low-income communities.

“Goal Five’s track record, strong growth and impact speak for itself, and we are absolutely thrilled to be investors,” said John gough, Chief Investment Officer at ICA, “We believe this agreement is an exemplary demonstration of our strategy to support under-capitalized entrepreneurs, and we look forward to seeing what Goal Five has in store for us.”

Goal five represents the first time that the ICA has led an investment cycle. CEO of Goal Five Anne Kletz joined Monique Martinez, CEO of insect snack maker Don Bugito, as ICA’s most recent equity investments in 2021.

Goal Five’s manufacturing partner is also participating in the ICA-led fundraising round. His partner is a $ 600 million company with Fairtrade certified factories that produces apparel for other high-end, mission-driven brands, such as Patagonia. Goal Five is the very first brand it has invested in.

“We are proud to lead this investment cycle and grateful to the excellent investment partners. We know that CIA investments can be leveraged to raise more capital for our businesses, and when our businesses raise capital, they create new good jobs and create wealth for their owners and employees, ”said Allison kelly, CEO.

The capital of the ICA will allow Goal Five to execute its plan by multiplying its income by 5 this year. Capital will be deployed for inventory, marketing and team growth.

For ICA, the agreement represents a new step for our growing growth fund. The Growth Fund provides access to growth equity investments of $ 100,000 To $ 1,000,000 with a focus on service to entrepreneurs of color and women. Our investment strategy intentionally focuses on racial and gender equity and supports companies that are committed to our common mission of creating and distributing wealth to a diverse workforce.

Learn more about goal five and purchase his sports clothes at goalfive.com. To learn more about the CIA, our investments, programs and businesses, visit ica.fund.

Media contact:
John gough
(406) 607-0123
[email protected]

SOURCE ICA.fund


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