Cain International leads £9m investment to fund global expansion of AllBright
London, England, 7 August 2018 – Cain International, the diversified real estate investment company, has led a £9m funding round to enable the global expansion of AllBright, the members’ clubs and digital academy that connect smart-thinking women.
The roll-out includes plans to open a second club in London, The AllBright Mayfair, early next year, and AllBright’s first club in the USA in Los Angeles later in 2019.
The company is capitalising on the success of its first women’s members’ club, The AllBright, the recent launch of the AllBright Academy and FoundHER, its festival celebrating women in business and leadership.
The brainchild of UK entrepreneur Debbie Wosskow OBE and former Hearst Magazines UK CEO, Anna Jones, AllBright’s first members’ club counts leading names from the worlds of entertainment, politics, music and business as Founder Members, including Oscar nominee Naomie Harris, entrepreneur and House of Lords peer, Martha Lane-Fox, MOBO awards founder Kanya King and global health campaigner and wife of former UK Prime Minister Gordon Brown, Sarah Brown.
Other investors in the round include newly appointed AllBright Chairman Allan Leighton, Darren Throop (CEO of Entertainment One), Robert Swannell (Former Chairman of Marks and Spencer) and a syndicate of AllBright members.
Jonathan Goldstein, CEO of Cain International, said:
“We believe in AllBright, and since Cain International’s initial investment in 2017, we have watched with pride as the company has grown, delivering on its own long-term growth strategy and providing a supportive space for working women to achieve their goals. Given our footprint in the US, we are perfectly placed to help Anna and Debbie realise their vision of growing the AllBright clubs, Academy and community in the US and beyond. We’re incredibly excited to continue our journey with them.”
Debbie Wosskow OBE, Co-Founder of AllBright, said:
“We are hugely excited about the global expansion of AllBright. Since launching AllBright, we have grown rapidly into a destination brand for women from all sectors. AllBright has galvanised a strong and dynamic community of like-minded women and we are excited about growing this community globally as we continue to develop the business.”
AllBright’s live events programme includes a monthly pitch series, which facilitates connecting female founders with funders. In July of this year, AllBright hosted its second FoundHER festival, bringing together a line-up of over 80 outstanding speakers and 1,500 attendees. Over the course of five days in London, Manchester and Glasgow, world-class female entrepreneurs and executives, including Gina Miller and Thomasina Miers (Founder of Wahaca), took part in an inspiring and dynamic curation of workshops, panels and entertainment.
At its FoundHER festival, AllBright also launched the AllBright Academy – a free 10-week digital programme of immersive, digital, cohort-driven courses featuring an outstanding faculty of experts to help female founders and executives achieve their career and business goals. Participants will graduate onto an Alumni programme which will be an extension of the AllBright live events programme with regional meet-ups. AllBright also announced a new partnership with Facebook’s #SheMeansBusiness partner network alongside Enterprise Nation and The Federation of Small Businesses (FSB) and will be offering the AllBright Academy to the 13,000 women who have already benefited from the Facebook programme.