Now here’s an intriguÂing quesÂtion to test the marÂket savviÂness of the enterÂprisÂing ecomÂmerce anaÂlyst: what does men’s busiÂness attire share in comÂmon with NASA spaceÂsuits? Most peoÂple would be hard-pressed to come up with an answer. HowÂevÂer, Boston-based startÂup MinÂistry of SupÂply is aimÂing to ensure that its moniker comes to the lips of every ecomÂmerce anaÂlyst or conÂsumer who gets asked that question.
The NASA-inspired busiÂness shirt
FoundÂed in 2010 by two engiÂneerÂing gradÂuÂates from MIT, MinÂistry of SupÂply aims to build a new type of menswear that has the comÂfort and funcÂtionÂalÂiÂty of workÂout gear, but looks perÂfectÂly at home in the boardÂroom. To that end, it’s adaptÂed techÂnolÂoÂgy used in the design of NASA’s spaceÂsuits to ensure its dress shirts not only don’t wrinÂkle, but conÂtrol odor and perÂspiÂraÂtion, too, while retainÂing a sarÂtoÂriÂalÂly dapÂper appearance.
Most ecomÂmerce anaÂlysts will be aware that fledgÂlings in this secÂtor often face a strugÂgle to find investors. OrigÂiÂnalÂly rebuffed by venÂture capÂiÂtalÂists who wantÂed more proof of conÂcept, the intreÂpid co-founders of MinÂistry of SupÂply approached KickÂstarter, and that’s when things startÂed to take off. They bagged $400,000 more than they were intendÂing to raise — and that was just for the line of shirts.
EcomÂmerce + bricks-and-morÂtar = real viaÂbilÂiÂty
SubÂseÂquentÂly, MinÂistry of SupÂply launched a hi-tech range of robotÂiÂcalÂly-knit, cofÂfee bean-infused socks (to ensure fit and kill odor) so it returned to KickÂstarter, this time walkÂing away with an addiÂtionÂal $200,000. Armed not only with proof of conÂcept but proof of demand as well, the startÂup finalÂly perÂsuadÂed those hard-nosed venÂture capÂiÂtalÂists it was worth the investÂment. This week, they raised seed fundÂing of $1.1 milÂlion in a round led by Vegas tech Fund, with SK VenÂtures and angel investors Kevin HenÂrikÂson and Craig BresÂlow (the Boston sox pitchÂer) participating.
MinÂistry of SupÂply will be using the new monÂey to build up a viable ecomÂmerce and fashÂion brand. To that end, they’ve brought in the talÂents of ecomÂmerce and UX design expert BriÂan Kalma, who is already takÂing steps to define the brand as one with a bricks-and-morÂtar and ecomÂmerce presÂence. As well as a few East Coast pop-up shop appearÂances, the firm has a showÂroom in Boston and is extendÂing its disÂtriÂbÂuÂtion span by develÂopÂing partÂnerÂships with othÂer ecomÂmerce brands.