Under Armour Raises $5B in Public

Under Armour has successfully raised $5B in a Public at a $7B valuation led by Public.

Company Overview

Under Armour is a Apparel company headquartered in 1020 Hull Street, Baltimore, MD 21230, founded in 1996 with 18000+ employees.

Sports equipment company

Fundraising Details

Amount Raised: $5B
Round Type: Public
Valuation: $7B
Date: 2024-01-01
Investors: Public

About Under Armour

Sports equipment company The company is positioned in the Apparel sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 1020 Hull Street, Baltimore, MD 21230
Founded: 1996
Team Size: 18000+
Industry: Apparel

What This Means

This funding round demonstrates strong investor confidence in Under Armour's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Apparel sector continues to attract significant investment as companies innovate to meet evolving market demands. Under Armour's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $7B valuation marks an important milestone for Under Armour, positioning the company among notable players in the Apparel industry.

Looking Ahead

With this new capital, Under Armour is well-positioned to execute on its growth strategy and continue building innovative solutions in the Apparel space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-01. For more information about Under Armour, visit their headquarters at 1020 Hull Street, Baltimore, MD 21230.