Waltons' investment firm backs clothier

Steuart Walton (from left) and Tom Walton, shown here presenting the Sam M. Walton Entrepreneur of the Year Award on June 4 during the annual Walmart Associate Celebration at the Arkansas Music Pavilion, are instrumental in revitalizing northwest Arkansas as the popularity of Crystal Bridges Museum of American Art, founded by their aunt Alice Walton, continues to grow, as do the region’s outdoor recreational amenities.
(NWA Democrat-Gazette/Charlie Kaijo)
Steuart Walton (from left) and Tom Walton, shown here presenting the Sam M. Walton Entrepreneur of the Year Award on June 4 during the annual Walmart Associate Celebration at the Arkansas Music Pavilion, are instrumental in revitalizing northwest Arkansas as the popularity of Crystal Bridges Museum of American Art, founded by their aunt Alice Walton, continues to grow, as do the region’s outdoor recreational amenities. (NWA Democrat-Gazette/Charlie Kaijo)

An investment firm backed by Tom Walton and Steuart Walton is providing seed funding for a company that makes outdoor apparel.

The brothers, who are grandsons of Walmart Inc. founder Sam Walton, formed Bentonville-based RZC Investments in 2017.

RZC Investments led a recent round of seed capital for LIVSN Designs, which is also based in Bentonville.

A news release on Monday didn't say how much RZC invested in the company.

Founded in 2018, LIVSN has five full-time employees, raised more than $1 million on Kickstarter, and now sells its clothing at 80 retailers, the company said.

"RZC has been my ideal partner since the day I started LIVSN," said Andrew Gibbs-Dabney, the clothing brand's founder. "Their track record of building world-class products combined with their focus on outdoor recreation makes the RZC team a perfect ally to accelerate LIVSN's mission."

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