Purpose7TH POWER BUILDS AND AMPLIFIES FASHION BUSINESSES
We invest in a portfolio of fashion brands, technologies, and content that together create a snowball effect of growth and innovation.
FocusPERFORMANCE APPAREL FOR ALL OF LIFE’S ACTIVITIES
We invest in brands that infuse sportswear technology and style into a broad range of apparel categories in order to add more functionality, comfort, and expression into all professional and recreational activities.
AdvantageEFFICIENT EXPERT EXECUTION
Through our team’s network, resources, expertise, and decades of experience supporting 150+ apparel businesses, we are uniquely equipped to identify market opportunities and bring in the strategies, systems, tools, and talent that fashion brands need to operate effectively and scale quickly.
Under the 7th Power umbrella, brands don’t need to spread themselves thin with large product assortments appealing to broad audiences. We are able to produce hyper-targeted brands for passionate, niche audiences with the operational efficiencies and reach of larger brands.
TEAM
Carmelo Anthony
Partner / Investor
Athlete, Entrepreneur, Investor
Asani Swann
Partner
Entrepreneur, Producer, Brand Manager, and Business Strategist
Alan Smith
Partner
Executive, Global Client Strategy at CAA
Stefanie Tacata
Partner
Co-Founder & CEO at Stateless
Evan Polivy
Partner
Chief Strategy Officer & Director of Brand Development at Stateless
Nic Iraci
Managing Director
Masters in Sustainability Management from Columbia. Principle and Analyst for large growth equity asset manager. Prior experience as analyst for multi-billion dollar family office.
Joe Iraci
Advisor
Managing Director & CCO at CoVenture with over 13 years of regulatory/financial services compliance experience.
Founding PartnerSTATELESS
Stateless is a team of fashion design, branding, and production management experts that works together with startups and established enterprises on any or every stage of their design and production process to help build successful apparel companies.
The Stateless team brings experience from some of the most successful fashion startups and global brands including Ralph Lauren, Figs, Patagonia, Gap, Helmut Lang, Cuyana, and Adidas.
Stateless has an extensive network of manufacturers, specialty vendors, and material vendors in the United States and overseas. They have vetted and built many strong relationships with factories that meet their high standards of ethics, quality, and cost effectiveness.
As needed, Stateless will help portfolio companies reduce costs and increase efficiencies by providing services in product design, development, supply chain setup/mgmt, as well as brand identity design and e-commerce web development.