The French brand Flotte, founded in September 2020 by Lyly Wu and Mickaël Pan, reaches an important milestone in its development. That for his colorful rain gear and his Lifestyle-Positioning well-known company announced a financing round of three million euros on Friday.
The transaction was carried out with the Belgian investment fund Akiles and the Time 4 fund. Time 4 is a structure launched in March 2026 by the venture capital firm Daphni. What’s notable in the current fashion startup landscape is that Fleet has been profitable since its first year of business and has already sold thousands of pieces. The company now generates half of its sales through wholesale sales and the other half through direct sales.
With this capital injection, the brand aims to accelerate its expansion in both the domestic and international markets. The funds will be used for three main areas: accelerating commercial growth, structuring the internal organization and strengthening the brand presence outside France.
“This round of financing is an important milestone in the history of Flotte,” said Lyly Wu and Mickaël Pan, the co-founders of Flotte. “Since the beginning, the brand has been building on strong and profitable growth. Now we wanted to surround ourselves with partners who can accompany us in a new phase of acceleration while remaining true to our vision.”
The brand explains in a press release that the founders retain the majority stake in the company. This ensures the continuity of the company’s creative and strategic vision.
Fleet has a boutique in the Marais district of Paris, a network of more than 500 retailers and a strong digital presence. The company will soon open a boutique in Lyon and several other cities.
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