Youtooz, the creative force behind the internet’s favorite collectibles, is set for a new era of expansion. With a substantial funding package from Decathlon Capital Partners, the company is gearing up for exciting developments in its journey.
While specific financial details remain undisclosed, this funding infusion marks a pivotal moment for Youtooz. It will empower the company to launch fresh product lines, broaden its distribution channels, and establish strategic partnerships. Since its inception in Vancouver in 2019, Youtooz has unleashed over 500 limited-edition figures inspired by internet icons, from memes to musical artists and content creators.
A Unique Financial Approach
Mark Prokoudine, Founder & Chairman of Youtooz, emphasized the uniqueness of this investment. Youtooz aims to repay this capital through future revenues, sidestepping the need to surrender equity in exchange for growth capital.
“Youtooz will repay this investment through its future revenues; we weren’t required to give up any equity in exchange for the growth capital.”
Mark Prokoudine, Founder & Chairman, Youtooz
Austin Long, Founder and CEO of Youtooz, envisions a bright future ahead. This funding from Decathlon Capital Partners is a crucial component of Youtooz’s strategy to expand into new markets and elevate the customer experience. Long celebrates the vibrant community of creators, artists, and fans who share the journey of transforming internet culture into beloved products.
Flexibility and Ambition
The flexible funding structure offered by Decathlon Capital Partners has provided Youtooz with the financial agility needed for its ambitious plans. Youtooz’s commitment to repayment through future revenues aligns with its vision for sustainable growth.
A Rising Star in Licensed Products
John Borchers, Managing Director of Decathlon Capital Partners, recognizes the entrepreneurial spirit of Youtooz’s founders. He acknowledges their visionary leadership and management prowess, positioning Youtooz as a frontrunner in the licensed-products sector.
In summary, Youtooz is poised for remarkable growth and innovation, thanks to the strategic funding from Decathlon Capital Partners. This investment will drive the expansion of product lines, distribution, and partnerships, further solidifying Youtooz’s position in the industry.
TL;DR:
Youtooz, known for its internet-inspired collectibles, has secured significant funding from Decathlon Capital Partners to fuel its expansion plans. While financial specifics are undisclosed, this investment will enable Youtooz to launch new products, enhance distribution, and build strategic partnerships. Youtooz founders, Mark Prokoudine and Austin Long, aim to repay the investment through future revenues, preserving equity. Decathlon Capital Partners sees Youtooz as a rising star in the licensed-products sector.
Hi, I’m Oren, founder at BIGINTRO, a content strategy agency that helps B2B companies drive growth. We develop search, social, PR, and content marketing strategies tailored to business goals. I also have a dog named Milo.