Sneaker Startup SoleSavy Locks In $12.5 Million USD in Series A Funding
The new investment will help the company launch a new peer-to-peer marketplace, expand into other markets beyond North America and more.
If you love sneakers and haven’t heard of SoleSavy yet, then you might want to start paying attention. It’s a startup birthed out of Vancouver, Canada that aims to disrupt the footwear industry for the better through its own subscription-based community that helps you cop sneakers for retail. And less than six months after receiving its initial seed round of $2 million USD at the top of 2021, the company has announced that it has just raised another $12.5 million USD in Series A funding. This is led by Bedrock Capital and followed by Jason Calacanis’ LAUNCH, Origin Ventures, Panache Ventures, Bessemer Ventures, Turner Novak’s Banana Capital, Dapper Labs’ CEO Roham Gharegozlou, Shopify’s President Harley Finkelstein and Diplo.
“This sets us up for the next 5 years and allows us to double down on our vision for the company we want to build for our community”, says Dejan Pralica, co-founder of SoleSavy. “A world where the narrative in sneakers will no longer be about commodities, asset classes, and reselling — and instead focusing on the people who love sneakers and make the culture so special.”
This fall, the footwear-focused imprint has intentions of launching a peer-to-peer member marketplace, expand into other markets outside of North America such as Australia and New Zealand, Japan, United Kingdom Mexico, Europe and Singapore, as well as continue to double down on its content and experiences including its own podcast, editorial features, video and member events.
Head over to SoleSavy’s website to learn more about this burgeoning platform, in addition to a letter from the CEO about his future plans.
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