How Much Did Black Raise?
Funding & Key Investors

Black has secured substantial enterprise-level funding, with its total capital raised standing at $1.9M. The company recently announced a major strategic investment of $1.8M, underscoring its significant market presence and growth trajectory in the dance apparel sector. This latest financing round, which closed on September 30, 2024, signals a pivotal moment for the business as it looks to further its strategic objectives.

What is Black?

Black
RetailApparel & Accessories RetailManufacturing

Black is a specialized provider of custom costumes and a comprehensive range of dance apparel, catering to dancers from novice to professional levels. The company's extensive product catalog includes essential items such as footwear, bodywear, and accessories suitable for various dance disciplines. Beyond its standard offerings, Black also provides custom and semi-custom costume design services, aiming to equip dancers and dance teams with high-quality, performance-ready attire. Based in Tulsa, the company enhances customer accessibility through features like free shipping on orders exceeding $100, hassle-free returns, and convenient curbside pickup, alongside a dedicated text line for inquiries.

How much funding has Black raised?

Black has raised a total of $1.9M across 2 funding rounds:

2020

Debt

$150K

2024

Debt

$1.8M

Debt (2020): $150K with participation from PPP

Debt (2024): $1.8M led by T Bank N.A

Key Investors in Black

PPP

Public-Private Partnership

T Bank N.A

A banking institution specializing in corporate debt financing, participating in Black's recent funding rounds.

What's next for Black?

The recent major strategic investment into Black, following its substantial enterprise-level funding, positions the company for accelerated expansion and innovation. This influx of capital is expected to fuel advancements in product development, potentially broadening the company's custom costume capabilities and its range of dance apparel. Furthermore, the strategic nature of this financing suggests a focus on enhancing market penetration, optimizing operational efficiencies, and possibly exploring new distribution channels or strategic partnerships within the dance industry. The company's commitment to customer service, including its online and physical accessibility, will likely be a cornerstone of its continued growth strategy.

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Frequently Asked Questions Regarding Black Financial Insights

What are the most recent funding rounds that Black has completed, and what were the funding rounds?
Black has recently completed 2 funding rounds: Debt on Sep 30, 2024, Debt on Apr 4, 2020.
What is the total amount of funding Black has raised to date?
Black has raised a total of $1.9M in funding to date.
How many funding rounds has Black completed?
Black has completed 2 funding rounds.
How much funding did Black raise in its most recent funding round?
Black raised $1.8M in its most recent funding round.
Who are the lead investors in Black's latest funding round?
The lead investor in Black's latest funding round was T Bank N.A. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Black's history?
The largest funding round in Black's history was $1.8M.
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