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SoleSavy announced it has raised $12.5 million in Series A funding led by Bedrock Capital. Other investors include Jason Calacanis’ Launch, Panache Ventures, Origin Ventures, Bessemer Ventures, Turner Novak’s Banana Capital, Dapper Labs’ CEO Roham Gharegozlou, Shopify’s President Harley Finkelstein, and Thomas Wesley “Diplo” Pentz.
This round for the community-based sneaker startup was secured less than six months after an initial seed round of $2 million bringing the total funding to date to $14.5 million.
Since its launch, the company has experienced strong growth and “maintained a 90 percent daily active user rate,” said the brand. SoleSavy has also experienced “a threefold increase in membership and a revenue increase of 200 percent following the initial seed round in December 2020,” the brand continued.