113 Spring Uk Limited raises £1m in new funding

An estimated £1m investment has been raised by 113 Spring Uk Limited, a company headquartered in London. This funding round results in a post-money valuation of approximately £14.5m for the entity.

The business was incorporated in 2024 to provide various support functions. Its operations include the administration of loyalty programmes, fashion agent services, and public record searching.

Gregory Jacques Jean Baratte joined the board as a director in May. LinkedIn profiles suggest he may be linked to Chanel, specifically within venture capital, new ventures, incubations, strategic partnerships, and internal innovation programs. He previously served as Head of Global Digital Services and has a professional background that includes LVMH, alongside experience as a board member, advisor, and former founder.

The allotment of shares took place in June, with formal documentation for the transaction filed in July.