Bedrock Manufacturing Company, the parent company of Shinola, Filson, and Bedrock Watch Co., has received a multimillion-dollar investment from a new partner, Qatar Investment Authority (QIA).
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 enhance Bedrock Manufacturing’s ability to aggressively build businesses that are predicated on building powerful brands and products as well as creating world class jobs in America.
“We are excited to welcome QIA as our newest partner and are grateful to our other investors who have supported us throughout the years,” said Tom Kartsotis, founder of Bedrock Manufacturing Company. “The multitude of opportunities that the Filson, Shinola, and Bedrock Watch Co. brands present on a daily basis are unique.”
“Qatar Investment Authority is very pleased to have the opportunity to invest in Bedrock, further reinforcing our strategy of increased U.S. investment,” said a spokesperson for QIA. “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.”