Member of fashion dynasty expands business empire

Adam Kamani

A member of one of Manchester’s most successful business dynasties has invested in two new firms.

Adam Kamani, son of the founder of the Boohoo empire, has moved into property and investment.

His business KM Capital specialises in investing in tech start-ups.

Today it announced investment in two more start-ups for the beginning of 2020– Dash Water and Travel Curious.

The new investments increase the fund’s current portfolio to 18, already boasting Beer 52, Secret Spa and Bubble on its books.

Adam Kamani is co-founder of fast-growing global fashion brand

The fund’s co-founder Stephen Morana has previously worked as an executive at Betfai rand Zoopla.

Following three investments in May2019, KM Capital has invested in Dash Water; a co-investment with the founders of Charles Tyrwhitt and Bulldog Skincare as part of a£1.6m financing round.

A lightly flavoured sparkling water brand, Dash has UK listings with several high-profile retailers including Boots, Sainsbury’s and Ocado and began supplying European and Far Eastern distributors last year, selling three million cans in 2019.

KM Capital has also backed Shoreditch-based Travel Curious.

The company create local, cultural tours and bespoke experiences fulfilled in 62 countries through their ‘match and dispatch’ technology platform.

The technology connects the traveller directly to the best available tour guide for the selected tour or experience.

Travel Curious provides tours and experiences as a service to the luxury and premium sectors of the travel industry.

Recently they signed deals with international hotel groups, online travel agencies and are now expanding into the travel technology platforms.

Amir Azulay, chief executive of Travel Curious said: “We are delighted to have the backing of KM Capital due to their founders’ extensive knowledge in eCommerce platforms, fast scaling businesses and corporate finance.

“We genuinely feel that we have a real partner in KM Capital, and we look forward to an exciting journey together.”

Adam Kamani said: “We are excited to support Dash and Travel Curious and hope to help them accelerate to the next level.

“We felt both fit perfectly with our investment strategy and we will work hard to share our experience with them.

“We hope to identify similar founders in 2020 to build on our existing portfolio of investments.”

KM Capital’s Investment Manager James Merryweather said: “We are incredibly excited to back two more exceptional founding teams already breaking out of the UK market predominantly into Europe and the US.

We were struck by their sheer ambition and equally impressed by the early execution we’ve seen.”

The two investments follow a busy 2019 for KM Capital with Fanbytes, Secret Spa and Picfair also joining the portfolio, and the fund also making follow-on investments into Bubble, Zero Deposit and The Boathouse London.

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