A cot mattress manufacturer has secured £3.7 million from investors to meet growing demand in the UK and abroad.
Kit for Kids, based in Sevenoaks, raised the money after a fundraising round led by advisory firm Castle Corporate Finance.
The company, which also makes changing mats and baby pillows, has operations in the UK, Dubai, and Virginia, plus trading relationships across 30 countries.
The investment will allow it to meet increasing demand for its mattress products from existing retail customers.
Founder and chief executive Jan van der Velde said: “This investment enables us to ensure we can keep pace with increasing demand from our customers, roll out growth that’s already underway and exploit the wide range of further expansion opportunities that are out there.”
Launched in 1993, the company employs about 130 people and began manufacturing its mattresses in Romania in 1995.
Victoria Ansell, lead advisor at Castle, added: “Kit for Kids has an incredibly compelling proposition, which caught us from the outset.
“It was really important to find the right investor and partner for the business who could support their future growth.
“We thoroughly enjoyed working with the team at Kit for Kids, and Connection Capital is well placed to support them now and into the future.”
Kit for Kids was given legal support by Keith McAlister of Tunbridge Wells-based law firm Thomson Snell & Passmore.