Holland & Hart represented Colorado-based The Pro’s Closet, an e-commerce retailer of pre-owned bikes, in a $40 million Series B financing round, led by The Chernin Group with participation from existing investors Foundry Group, Edison Partners, and Ridgeline.
The investment will allow The Pro’s Closet to grow its operations and technology teams, and retail and manufacturing partners, and to also facilitate physical expansion in new markets.
The Holland & Hart transactional team was led by corporate partner Chuck Cotter, with assistance from Lauren Schoeffler.
Holland & Hart’s multidisciplinary consumer products practice brings together attorneys with a wide range of industry experience to deliver creative, informed solutions that help burgeoning brands navigate complexities and achieve their vision of success. Our clients span the gamut of the industry, including investors, entrepreneurs, producers, manufacturers, and distributors.