# Ministry of Supply

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ministry-of-supply

- Industry: Retail
- Headquarters: Boston, US
- Website: www.ministryofsupply.com
- Total disclosed funding: $1.1M
- Latest round: Seed (Sep 26, 2013)
- Investors on record: 2

## About

Ministry of Supply is a clothing company specializing in performance-driven apparel for the modern professional traveler, blending innovative fabric technologies with stylish designs to enhance comfort and functionality.Founded in 2010 in Boston, US, Ministry of Supply focuses on creating advanced apparel for professionals. The company was established by Aman Advani and Gihan Amarasiriwardena. In July 2016, the company raised USD 2.5 mn in Venture Debt funding. To date, Ministry of Supply has engaged in five investment deals, with a total amount raised of USD 1.03 mn.Ministry of Supply offers a range of innovative apparel designed specifically for the modern professional traveler. Their core product line includes Kinetic Blazers, Kinetic Pants, and AeroZero° shirts, engineered with advanced fabric technologies for comfort, style, and performance. The Kinetic collection features garments incorporating stretch and wrinkle-resistance, catering to individuals who prioritize mobility and aesthetic appeal. The AeroZero° line includes lightweight, breathable, and moisture-wicking shirts, ideal for various climates and activities. These products are sold primarily in North America, Europe, and select markets in Asia, targeting professionals and frequent travelers seeking high-quality, functional clothing.Ministry of Supply generates revenue through direct-to-consumer sales via their e-commerce platform and partnerships with select retailers. Their pricing structure includes individual product sales, focusing on premium pricing that reflects the quality and technology of their offerings. The Kinetic Blazer is positioned as a flagship item, emphasizing the brand's commitment to performance-driven fashion. Revenue is derived from single transactions, with customers often purchasing multiple items, enhancing the average order value, thus maintaining a diverse revenue stream appealing to both individual consumers and professionals.Ministry of Supply plans to leverage its recent funding of USD 2.5 mn raised in July 2016 to support the launch of upcoming product lines designed for enhanced comfort and versatility in professional travel apparel. The company aims to expand into new markets including Asia and Europe by 2025, targeting a broader audience of professionals. This strategic expansion will involve the introduction of innovative designs that cater to the evolving needs of modern travelers.

## Funding rounds

- Seed, Sep 26, 2013, $1.1M — SK Ventures, VTF Capital

## Investors

- SK Ventures — Seed
- VTF Capital (https://capitalatlas.ai/funds/vtf-capital) — Seed