# Cariuma Central Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cariuma-central-pte

- Industry: Consumer Products
- Headquarters: Singapore, Singapore
- Website: www.cariuma.com
- Total disclosed funding: $99M
- Latest round: Series E (Oct 18, 2022)
- Investors on record: 12

## About

Cariuma Central Pte. Ltd. is a Singapore-based company specializing in the design and production of sustainable footwear, particularly sneakers that cater to environmentally conscious consumers.Founded in 2018 in Singapore, Cariuma Central Pte. Ltd. creates eco-friendly footwear. The company has executed a total of 5 funding deals, with the most recent being a Series E round on October 18, 2022, raising USD 16.52 mn from a mix of new and returning investors. The company is co-founded by David Python and Fernando Porto, with David Python serving as the CEO. As of now, the company has not been noted as a subsidiary or involved in any mergers or carve-outs.Cariuma specializes in designing and producing sustainable sneakers that prioritize eco-friendly materials and comfort. Their product range includes various sneaker models aimed at consumers who appreciate sustainable fashion, skateboard enthusiasts, and those seeking stylish footwear. The company engages in ecological restoration efforts, planting two trees for each pair of shoes sold, and operates across international markets including the United States, Europe, and Australia.In the most recent fiscal year of 2022, Cariuma generated revenue of USD 23.57 mn. The company reported an EBITDA loss of USD -20.13 mn during the same period. Revenue is primarily derived from direct-to-consumer sales through their e-commerce platform, featuring promotional offers to enhance customer loyalty.Cariuma plans to utilize the recent Series E funding of USD 16.52 mn to support the introduction of new sneaker models and expand into new markets. While specific new product details and release dates have not been disclosed, the company aims to increase its footprint in the Americas and Europe, with strategic market entries planned for the upcoming year.

## Funding rounds

- Series E, Oct 18, 2022, $17M — Innova Capital, Madrone Capital Partners, Heliconia Capital Management, East Ventures, Rakuten Capital, Sangha Capital, ACTAI Ventures
- Series D, Sep 15, 2021, $50M — Madrone Capital Partners, Heliconia Capital Management, Rakuten Capital, Innova Capital, Mirabaud Asset Management, The Foundry, Exor Seeds, K3 Ventures
- Series C, Apr 9, 2020, $20M — Madrone Capital Partners, Heliconia Capital Management, Exor Seeds, Trigal
- Series B, Mar 25, 2019, $13M — Madrone Capital Partners, Exor Seeds, Trigal

## Investors

- Madrone Capital Partners — Series B, Series C, Series D, Series E
- Exor Seeds — Series B, Series C, Series D
- Trigal — Series B, Series C
- Heliconia Capital Management (https://capitalatlas.ai/funds/heliconia-capital-management) — Series C, Series D, Series E
- Rakuten Capital (https://capitalatlas.ai/funds/rakuten-capital) — Series D, Series E
- Innova Capital — Series D, Series E
- Mirabaud Asset Management (https://capitalatlas.ai/funds/mirabaud-asset-management) — Series D
- The Foundry (https://capitalatlas.ai/funds/the-foundry) — Series D
- K3 Ventures (https://capitalatlas.ai/funds/k3-ventures) — Series D
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Series E
- Sangha Capital (https://capitalatlas.ai/funds/sangha-capital) — Series E
- ACTAI Ventures (https://capitalatlas.ai/funds/actai-ventures) — Series E