SF Client Headbands of Hope Closes Strategic Growth Investment

Headbands of Hope LLC is an amazing organization founded by Jessica Ekstrom in her NC State college dorm in 2012. Since then, the company has donated almost one million headbands (943 thousand at last count) to children with cancer and other serious illness.

The company has supported every children’s hospital in the United States and 19 other countries in addition to bringing smiles to the faces of sick children wherever they can be found.

Headbands of Hope is an inspirational organization with a dual mission of marketing gorgeous fashion apparel and accessories that women all over the world love, while also bringing joy to children who need it most. For every fashion item the company sells, a headband is donated to a special child. A headband is a small accessory but it gives such an immense impact on children battling life-threatening illness. Bringing one smile and a moment of self confidence to a child in the hospital makes a world of difference.

The company and its socially conscious mission have been celebrated in a variety of media forums including Cosmopolitan, Family Circle, Forbes, Good Morning America, The View, People, Seventeen, Today, Vanity Fair, Women’s Health and other channels.

2020 brought challenges but also dramatic growth to Headbands of Hope as they began marketing all kinds of beautiful face coverings. The business has also growth through expansion of eCommerce channels, placement in bricks & mortar boutique retailers all over the country, and also television-based shopping.

Scale Finance managed a successful process enabling Headbands of Hope to partner with Michigan-based K2 Growth Partners to continue to grow the business in creative and strategically sound ways.

Jess Ekstrom, Headbands of Hope Founder & CEO, commented, “Dave Gilroy saw the growth opportunity in my business before I even saw it myself. Because of Dave and his team at Scale Finance, we’ve landed partnerships we never even dreamed of and our brand is growing. Highly recommend working with Dave and his team!”

About Scale Finance

Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance has multiple offices in the Carolinas including Charlotte, Raleigh/Durham, Greensboro, and Wilmington with a team of more than 45 professionals serving more than 130 companies throughout the region.