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Custom bra maker Zyrra LLC has capped an oversubscribed angel round at $875,000, according to founder Derek Ohly.
Mass High Tech broke news of Zyrra’s financing in November, when the Boston maker of custom women’s undergarments reported a $445,000 tranche of a planned $700,000 round.
Investors in Zyrra include Jean Hammond, John Landry and Jessica McLear. Hammond and McLear are investing through the Launchpad Ventures angel group. Angels in the Race Point Capital angel group also participated, Ohly said. Last week, Race Point and Launchpad announced they would merge, forming one of the largest angel groups in the Boston area. Morningside Group, an institutional investor based in Hong Kong, also put money in.
Ohly told Mass High Tech in November that the company plans to use the funds to built out a more comprehensive line of styles in its flagship product, a custom-fitted brassiere that is sold through home party sales with trained fitters. “We now have more than 1,000 customers, and we hear from them a lot — about what they would like, and what they would come back to buy again,” Ohly said. “We have a product development list that essentially lists out what you would consider to be many of the standard styles of bra.”
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