Chicago, Illinois – December 6, 2019; City Capital Advisors, a Chicago-based middle market investment bank, is pleased to announce that it acted as exclusive financial advisor to Brideside in a $7 million equity private placement led by Beringea, with participation from Sawdust Ventures and others.
This additional $7 million brings Brideside’s total equity funding raised to more than $13 million. The company intends to use the funds to scale showroom footprint, enhance the customer-facing shopping technology and launch Brideside Bridal, a concept to enter the bridal gown business.
Brideside was launched in 2014 by CEO Nicole Staple and Sonali Lamba. The company’s omni-channel offering allows its customers to shop online, try at home or visit one of its showrooms.
The company has physical showrooms in Chicago, Boston, New York and Charlotte and plans to enter additional markets by the end of 2020. Each location offers a selection by the industry’s top designers, such as Jenny Yoo, Amsale, and Dessy and carries bridesmaid dresses and gowns. The company has also designed and launched its own line of bridesmaid dresses and bridal gowns.
About City Capital Advisors
City Capital Advisors, a FINRA registered broker-dealer, is a results-driven investment banking advisory firm. Each of City Capital’s Managing Directors has more than 25 years of investment banking experience, offering clients judgment and transaction management expertise honed from successfully executing more than 500 merger & acquisition and capital raising transactions, collectively, over their professional careers. Our client engagements are managed exclusively by experienced senior investment bankers, allowing our business owner clients to realize maximum value for their companies, often exceeding their original objectives.