East Fork Pottery LLC outside of Asheville has raised $1.08 million in equity, according to a filing with the Securities and Exchange Commission.
Coinciding with gaining significant outside capital, East Fork Pottery announced Tuesday it has signed for a new production facility in Biltmore Village, after searching for somewhere to lay roots. The company plans to scale up its online and physical presence at the beginning of next year, including adding brick-and-mortar sites in New York and Atlanta.
Additionally, the company said it will create 26 new jobs over the next two years with $794,000 in capital investments during the first year.
Founded in 2010, the pottery retailer creates a wide variety of handmade, one-of-a-kind clay pottery pieces. Chief Executive Officer Alex Matisse established the company in 2010 with his wife, Connie.
As the great-grandson of French artist Henri Matisse, Matisse was inspired to open his own North Carolina studio after graduating from Guilford College and completing several apprenticeships.
More information about the company can be found on its website, https://eastforkpottery.com/.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.