Bedrock Manufacturing Co., the parent company of Shinola, Filson, and Bedrock Watch Co., says it has received a multimillion-dollar investment from a new partner, Qatar Investment Authority.
This follows recent investments from a core group of business leaders and organizations, including Dan Gilbert’s Rock Ventures, the Kresge Foundation, and Revolution Growth. Their support will assist Bedrock Manufacturing in building out its business platform along with expansion opportunities.
“We are excited to welcome QIA as our newest partner and are grateful to our other investors who have supported us throughout the years,” says Tom Kartsotis, founder of Bedrock Manufacturing. “The multitude of opportunities that the Filson, Shinola, and Bedrock Watch Co. brands present on a daily basis are unique.”
QIA, in a statement, said, “Qatar Investment Authority is very pleased to have the opportunity to invest in Bedrock, further reinforcing our strategy of increased U.S. investment. Tom and his team are building a great company – one that not only has strong brands and products, but also one that is making a positive impact in American cities, such as Detroit. We look forward to partnering with Bedrock, and its existing investors, to enhance the company’s future development.”