KO Client Stio Raises $20 Million to Accelerate Growth

KO client Stio, the outdoor lifestyle and technical apparel leader, recently announced that it has raised $20 million in growth capital. The investment will support new retail locations, future product category development, and a diversified, omnichannel approach.

“Expanding our reach and entering into new categories is a direct outcome of listening to our customers… Our mission to create apparel and accessories, designed and developed in Jackson Hole, has now resonated from the mountains to main street, and we are incredibly excited to partner with the great team at LAGO Innovation Fund to help further propel our growth,” said Stephen Sullivan, Founder and CEO of Stio, in the company’s press release.

The round was led by LAGO Innovation Fund, a leading provider of growth capital to the innovation economy. KO partner Kevin Gibson led the deal team with support from Charles Ciaccio, Elizabeth Ho, and Krystal Rushton. Read more in the press release.