Investor confidence fuels Unum’s growth with over-subscribed funding round

Unum is announcing the completion of an over-subscribed funding round, backed by existing shareholders, including ACF Investors (https://www.acfinvestors.com/) and Origin Capital Partners (http://www.origingroup.co.uk/).

With a backdrop of a constrained business class seating market, the successful funding round – more than 50% oversubscribed– underpins Unum’s firm commitment to providing additional capacity to airlines without delay.

Chris Brady, Founder and CEO, Unum, says: “As we turn five, this funding will accelerate our team expansion in line with forecast customer programmes and support our TSO certification for new, exciting seating solutions! This investment is a testament to our shareholders’ overwhelming confidence in our vision for reliably comfortable, responsibly made business class seating.”

Tim Mills, Managing Partner at ACF Investors, said, “Unum’s impressive growth is a testament to a clear vision, innovative drive, and exceptional product. Chris and the team are proving they are no longer an emerging player but becoming a proven force within this premium part of the aircraft seating industry. We look forward to supporting their continued success.”