Canada’s sneaker resale scene is hot as ever, and at least one Vancouver startup is aiming to take full advantage.
SoleSavy offers an end-to-end platform that aims to make “acquiring coveted products more fair and enjoyable,” according to the BC company. Interest in the startup is strong: SoleSavy raised $12 million last year in a Series A round that followed an earlier $2 million seed round.
This week the Canadian company launched a member beta for COLLECT, which SoleSavy describes as an “innovative new marketplace focused on connecting sneaker enthusiasts and creating new ways of interacting and transacting together.”
COLLECT members can showcase and trade their sneaker collections while building connections with each other. According to SoleSavy, COLLECT aims to “shift the sneaker landscape” through an app where users can interact and transact within a trusted community. Ultimately, the startup wants to reverse a trend of seller-first marketplaces, anonymous transactions, and excessive aftermarket pricing.
“COLLECT is the next step in creating the best end-to-end platform for sneaker enthusiasts,” said CEO Dejan Pralica, who cofounded SoleSavy alongside Justin Dusanj in 2018. “The member beta will be paramount to [our] future success, as the feedback we receive will ensure the app is a reflection of the wants and needs of the sneaker community.”
COLLECT has been in private beta testing mode with a select group of members since March. It is now in open beta on iOS and the Google Play Store for all members.
Since its launch, SoleSavy says it has experienced “impressive growth,” with an expanding band of employees stretched across North America, including Toronto and Dallas.