The company that made Prince George's dressing gown has raised £5 million

Before you go, we thought you'd like these...
Before you go close icon

The company behind the dressing gown HRH Prince George wore when meeting President Obama has secured a £5 million growth funding round.

My 1st Years, a children's gifts personalization site that was founded in 2009 by childhood friends Daniel price and Jonny Sitton, said it will use the fresh capital to drive developments in operations, marketing, and international expansion into the US.

The startup's personalized gifts for babies and children have been bought by celebrities including Dannii Minogue and Elton John, as well as the royals. Beyond dressing gowns, My 1st Years gifts include customized toys, shoes, and bedding.

"We always had a lot of faith in the potential of this company, but we've really seen that come to life in the last year or so, and it's time for us to build on the success we've already had. Funding is key to the next step for us," said Daniel Price, cofounder and joint managing director of My 1st Years," in a statement.

"With this funding under our belt, we'll be able to enhance our existing proprietary personalization technology, as well as invest in the skills we need to do more with our data, create effective marketing campaigns and build on our international shipping by expanding into the US. We're hugely excited to be working with investors that have a proven track record in retail, and look forward to what 2017 will bring."

The latest funding round came was led by Beringea, and supported with funds managed by Hargreave Hale. It brings total investment in the company up to £7 million.

"Daniel and Jonny are natural entrepreneurs," said Maria Wagner, investment director at Beringea, in a statement. "What they have achieved so far is particularly impressive given this is their first job out of university. Not only have they spotted a gap in the market and had the guts to go for it, they have also managed to secure the support of veteran ecommerce professionals, broker relationships with leading retailers in the country and create impressive buzz amongst the press and consumers.

"Their achievements so far give me immense confidence that they can really push on to the next level with support from us. We look forward to joining them on their journey."

RELATED: 10 times Prince George outclassed the rest of us

10 PHOTOS
10 times Prince George outclassed the rest of us
See Gallery
10 times Prince George outclassed the rest of us
1. When he regaled the crowd outside St Mary’s Hospital with a wave.
At the ripe age of 24 hours old.
2. When he was christened in a gown meticulously re-created by Queen Elizabeth II’s dressmaker from one worn by the royal family since 1841.
4. When he graced an Australian zoo with his presence and had a bilby named after him.
George the baby and George the bilby: friends forever.
5. When he tired of a playdate with local babies on the royal Australia/New Zealand tour, and instead chose to caress his mother’s perfect hair.
Who wouldn’t?
6. When he returned to work the crowd outside St Mary’s Hospital after the birth of his sister, Princess Charlotte.
A proud graduate of the Prince Harry School of Charm, we suspect.
7. When he casually, expertly held Princess Charlotte in their first official photo together as brother and sister.
Caption: “Stick with me, kid.”
8. When he suited up for his first day of nursery school, dry-eyed and sporting elbow patches.
The epitome of Montessori chic.

9. When he wore a bathrobe to meet the Leader of the Free World.

Note: President Obama got down to his level.

10. When he took his rightful place as an heir to the throne.

Look out, House of Windsor. This guy is going places.

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

NOW WATCH: Why Korean parents are paying for their kids to get plastic surgery

See Also:

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners