The lawsuit accuses Maine retail chain Marden's of selling dozens of inferior-quality counterfeit down jackets.
Quantum Base is hoping to raise up to £5m, with the cash earmarked for product development and new hires.
Criminal networks are using networks of seemingly legitimate and legal businesses to help sell counterfeit products in Europe.
The mechanism, part of the EU's sanctions package against Russia, is now due to come into effect on January 1, 2026.
Foysal Habib and Abu Sufian pleaded guilty last year to selling fake goods, including electronics, cosmetics, and clothing.
The decision will see 20 per cent of its workforce laid off as firm looks into finding a buyer for the underperforming unit.