Founder of fashion brand “Love & Nudes” secures funding required to grow her brand, following a successful pitch to CBC’s Dragons’ Den. Chantal Carter Taylor, Founder of Brampton-based fashion line Love & Nudes, secured $40,000 in seed funding in exchange for a 40 per cent stake in her company.
Taylor, who first approached the Brampton Entrepreneur Centre (BEC) in 2016 for support in developing her business model, was featured on the reality show that aired Canada-wide on this past February.
Presenting her business to the panel of venture capitalists (the “Dragons”), she outlined the reasons that led her to establish Love & Nudes in 2017 and spoke about her plans to scale up her business.
Taylor’s compelling pitch, and strong business proposition and model, captured the attention of the Dragons. Love & Nudes provides underwear options to meet the demands of women with darker skin – almost two-thirds of the world’s female population – options that were previously almost non-existent.
She also touched on her company’s mission to empower women of colour. All Love & Nudes garments are made in a women-owned, fair-wage facility that employs single mothers in Colombia.
Speaking earlier to Client Spotlight, BEC’s online channel that highlights local entrepreneurial success stories, Taylor said: “BEC’s advisors gave me a lot of guidance in registering my business, preparing my marketing strategy, and making connections with the right people and organizations. BEC events were another great way to learn and connect – I’ve listened to some awesome business advice from speakers, and received a ton of inspiration from fellow entrepreneurs and their business stories.”
BEC runs events throughout the year to support businesses and connect entrepreneurs. It also offers individual consultations and advice, and is the access point for funding and programs to support startups and established businesses. Visit www.brampton.ca/bec for more information.
“Congratulations to Chantal Carter Taylor for her successful pitch to Dragons’ Den. Love & Nudes is now in an even better position to grow. This kind of entrepreneurial excellence is one of the things that will drive new job growth in Brampton – and we have a strong foundation of talent. There are many Brampton entrepreneurs looking for the kinds of resources to help their business idea turn into the next Dragon’s Den story, and finding support at the Brampton Entrepreneur Centre,” said Brampton Mayor Patrick Brown.
Photo: Chantal Carter Taylor