ORIX Ventures announces the closing of a $10 million commitment to Serena & Lily. The funding will provide additional capital to support the continued expansion of the Serena & Lily brand.
Located in Sausalito, California and founded in 2003, Serena & Lily is an aspirational lifestyle brand offering exclusive textiles, furniture and other home décor products for every room in the house. The funding of Serena & Lily underscores ORIX Ventures’ ability to focus on growth fundamentals and provide flexible capital to a wide variety of businesses.
“We are happy to be working with ORIX Ventures on this debt facility,” said Phil Neri, CFO at Serena & Lily. “Their team understands and supports the Serena & Lily vision as well as the unique needs of a growing lifestyle brand. This investment will help us make progress towards our goals for continued growth and expansion.”
Michael David, managing director at ORIX Ventures, commented, “Serena & Lily has created a unique brand identity that resonates with discerning customers seeking inspirational designs. We are delighted to be working with such a talented team.”