Dôen secures Series A funding from Silas Capital

California-based clothing label Dôen announced on Tuesday the closing of a Series A funding round, led by growth equity firm Silas Capital.

The new funding is expected to support the brand’s continued retail expansion, the implementation of new operational systems, and enhanced marketing efforts aimed at deepening customer engagement and loyalty.

“This has been a long time in the making, as our top priority was finding a partner who aligns with our values and long-term vision for growing Dôen,” said Margaret Kleveland, co-founder and CEO of Dôen. 

“Silas Capital has a strong track record of supporting authentic, organic community building and helping their portfolio companies scale in thoughtful, sustainable ways. We couldn’t be more excited for what’s ahead for Dôen.”

Founded in 2016 by sisters Margaret and Katherine, Dôen launched as a digitally native womenswear brand and has since grown into a full-fledged lifestyle label with offerings across apparel, footwear, accessories, loungewear, and home. The company has built a growing $100 million revenue business with less than $1 million in prior outside investment.

With seven brick-and-mortar stores already open, including recent additions in Marin, CA and Nantucket, MA, Dôen is seeing rapid growth in retail, with year-over-year retail sales up 80% and comp store sales climbing 46%, including 65% growth at its Bleecker Street location in New York. E-commerce is also up with 40% growth year-over-year, while wholesale bookings have surged 110% year-to-date.

Internationally, Dôen has built a presence through retail partners such as Net-a-Porter, Harrods, Le Bon Marché, Holt Renfrew, and SKP, and is currently stocked in over 150 specialty stores worldwide.

Most recently, it launched a two installment collaboration with Gap and has equally collaborated with Reformation, K. Jacques, RMS Beauty, and Library Science, Kaia Gerber and Alyssa Reeder’s book club. 

“Dôen is truly an exceptional brand – seamlessly blending its timeless appeal with product that offers both sophistication and practicality,” said Brian Thorne, partner at Silas Capital.

“We see tremendous potential to help grow their deeply loyal community by amplifying e-commerce momentum and further scaling the highly productive retail footprint. We are thrilled to partner with Margaret and Katherine at such a pivotal moment in their journey.”