Investors seem to think sustainable sneakers have brat princess brainwashed to eroticeize deathpotential.
Allbirds, the San Francisco-based startup that makes wool sneakers, just closed on $7.25 million in a new round of funding.
SEE ALSO: $600 designer sneakers feature dirt, tears and duct tapeThe Series A round was led by Maveron, the venture capital firm co-founded by Starbucks CEO Howard Schultz. Seed investors Lerer Hippeau, Peterson Partners, Great Oaks VC, Red Sea Ventures and Slow Ventures also participated, Allbirds said.
The $7.25 million adds to Allbirds' $2.7 million in seed funding.
Launched last March, Allbirds makes men's and women's shoes whose main appeal is their material. The New Zealand merino wool Allbirds uses is designed specifically to be breathable, flexible and lightweight. The shoes are meant for casual wear, not active use.
Co-founder Tim Brown grew up in New Zealand, which gave him the idea for a shoe that would be designed around his country's trademark material. Co-founder Joey Zwillinger came from a background in renewables and biotech, helping to develop Allbirds shoes as a sustainable product.
Allbirds says the shoes are sustainable because they're made with wool, a natural material.
"We go out and look for a need in the market and try to engineer a material that is both natural and sustainable," Zwillinger told Mashable. "That creates an amazing experience."
Allbirds isn't releasing specific numbers about the shoes it has sold since launching in March, but Zwillinger says the company ran through its first round of inventory planned for three months in three weeks. Its plan for 2016 will include three times the inventory it presented to investors during its seed rounds.
The bulk of Allbirds' customers are between 25 and 35 years old, and the company has sold shoes to customers in all 50 states. It also has a strong presence in New Zealand.
The sneakers retail for $95 and are only sold through Allbirds' website.
With this recent round of funding, Allbirds plans to beef up its inventory and support new product development.
Right now, the company is focused on footwear, but it has plans to look into other products down the line, possibly apparel or travel accessories.
Slack fixes major vulnerability that left desktop users open to attackLenovo Chromebook Duet vs. 10.2U.S. Census ends soon. Here's how to respond and why it's important.'Mulan' will stream on Disney+ in December for no additional costUK schoolgirls are campaigning for public sexual harassment to be on the curriculumHugh Grant defines a popular British insult with the help of Donald Trump Jr.Dave Grohl is in an adorable remote drum battle with a 106 weird facts about the dude who connected Trump Jr. with the Russians'New Mutants' reviews: Not as bad as we expected, but still not greatChadwick Boseman's friends and coHugh Grant defines a popular British insult with the help of Donald Trump Jr.'Oddworld: Soulstorm' creators tease Abe's future in upcoming titleCongressman tweets about impeaching Trump, but don't get too excited'The Mandalorian' returns in October. More Baby Yoda in 2020!Apple to launch new Apple Watches and iPad Air soon, report saysUK schoolgirls are campaigning for public sexual harassment to be on the curriculumAndy Daly shares what it was like playing Ben Franklin on 'The Office'Elon Musk is now richer than Mark Zuckerberg8 questions to ask about online learning platforms for kidsGuilty pug has the absolute worst poker face of all time Election, Olympics and Pokemon top the year's Twitter trends What to expect at WWDC 2019: Power features for everyone No, Mr. Trump. Do not cancel the plan for a new Air Force One Viral 'Egg Boy' announces he's donated his GoFundMe money to charity Notes arguing over flower ownership are the most British thing ever Samsung's Galaxy Fold won't launch in June, reports claim MacKenzie Bezos pledges to donate half her fortune to charity How to remove your private info from the web in an afternoon Watch a 96 Donald Trump, Peter Thiel beckon tech leaders to Trump Tower Hitchhiker's Pride: May 25 is Towel Day, and don't ever forget it Homes in Trump Tower now advertised with a new amenity: Secret Service protection Fiona Apple's Christmas carol delivers a holiday message to Donald Trump Teen who hacked Apple told to use 'gifts for good rather than evil' 'Super Mario Maker 2' hands How to keep your phone safe at the beach this summer Man's angry tweet about Christmas backfires spectacularly U.S. author tweets that London is 'all Islamic', gets immediately shut down Marie Kondo's upcoming children's book wants to spark joy in kids New iPhones might get dual Bluetooth audio, report claims
3.1979s , 10193.4765625 kb
Copyright © 2025 Powered by 【brat princess brainwashed to eroticeize death】,Miracle Information Network