Ownership profile
Who owns Marine Layer?
Marine Layer is a privately held San Francisco-based casual apparel brand; since September 2018 it has had a confirmed minority investment from Provenance, a Los Angeles-based growth equity firm, which also holds a board seat — the exact current stake size and whether any subsequent funding rounds have changed the ownership mix are not publicly confirmed.
Ownership profile
Marine Layer
Marine Layer Inc.
Evidence (10)
In September 2018, Marine Layer received a 'significant minority investment' from Provenance, a Los Angeles-based growth equity investment firm
https://www.benzinga.com/pressreleases/18/09/r12405311/provenance-invests-in-marine-layerProvenance also joined Marine Layer's Board of Directors as part of the 2018 investment
https://www.ppai.org/media-hub/equity-firm-provenance-invests-in-supplier-marine-layer/Provenance is described as a growth equity investment firm, not a traditional PE buyout fund; the stake was explicitly described as a minority investment
https://www.pr.com/press-release/765415Marine Layer was co-founded by Michael Natenshon and Adam Lynch; Natenshon remains CEO and Lynch remains COO, indicating founder-led management alongside minority investor involvement
https://shopping.yahoo.com/style/clothing/articles/marine-layer-cofounders-brick-mortar-210733825.htmlMarine Layer is a private company headquartered in San Francisco, CA, with no public exchange listing or IPO filed
https://pitchbook.com/profiles/company/63912-07PitchBook lists at least 10 investors in Marine Layer, including Big Rock, Daft Capital, Finn Capital Partners, Innovation Capital, and Provenance DDHP, and records total fundraising of $40.2M
https://pitchbook.com/profiles/company/63912-07Marine Layer has not filed for an IPO and remains a private company
https://forgeglobal.com/marine-layer_ipo/No SEC EDGAR filings were found for Marine Layer Inc. as a reporting company, consistent with its private status
https://www.sec.gov/cgi-bin/browse-edgarCBInsights records Marine Layer's latest funding round as a Loan, last raised ~6 years ago (approx. 2020), suggesting no recent PE buyout or majority recapitalization has been publicly announced
https://www.cbinsights.com/company/marine-layerMarine Layer is a Certified B Corporation
https://www.zoominfo.com/c/marine-layer-inc/353652844What's uncertain
- The Provenance minority investment was announced in September 2018 — now over 7 years old. The current exact ownership percentage and whether Provenance's stake has changed through subsequent rounds (PitchBook lists up to 10 investors total) could not be verified from public sources.
- PitchBook and Tracxn report different total funding figures ($40.2M vs. $6.99M), indicating data inconsistency between secondary sources; neither is authoritative without primary filings.
- No primary legal entity filing (e.g., California Secretary of State record or SEC Form D) was confirmed in the search results. The operating entity name 'Marine Layer Inc.' is inferred from ZoomInfo and CBInsights, not from a verified state registry.
- Provenance is described as a 'growth equity' firm rather than a classic leveraged-buyout PE fund. The pe_involvement is scored as 'influenced' (minority stake confirmed) rather than 'controlled' (no evidence of majority ownership).
- No more recent acquisition, majority buyout, or change-of-control event was found in public sources as of September 2026, but absence of evidence is not evidence of absence for any private transaction.