Vancouver startup SoleSavy has raised a USD $12.5 million in Series A funding round, led by Bedrock Capital and joined by notable investors including Jason Calacanis’ LAUNCH, Panache Ventures, Bessemer Ventures, Turner Novak’s Banana Capital, Dapper Labs’ Roham Gharegozlou, Shopify’s Harley Finkelstein and Thomas Wesley “Diplo” Pentz.
Founded by Dejan Pralica and Justin Dusanj in 2018, SoleSavy’s mission is to tackle the biggest problems plaguing the footwear industry by leveraging the passion of the sneakerhead community.
This round was secured less than six months after an initial seed round of $2 million, bringing total funding to date to $14.5 million.
Since its launch, the company has experienced impressive growth and maintained a 90% daily active user rate. SoleSavy has also experienced a threefold increase in membership and a revenue increase of 200% following the initial seed round in December 2020.
More than 35 employees have been hired in Los Angeles, New York, Dallas, Vancouver and Toronto, bringing a wealth of experience from the Los Angeles Lakers, Nike’s Jordan Brand, Complex Networks, JD Sports and more.