# SoleSavy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solesavy

- Industry: Internet
- Headquarters: Vancouver, Canada
- Website: www.solesavy.com
- Total disclosed funding: $15M
- Latest round: Series A (Mar 29, 2021)
- Investors on record: 8

## About

SoleSavy Inc is a sneaker membership platform dedicated to enhancing the buying experience for sneaker enthusiasts through community engagement and expert support, facilitating seamless transactions and access to exclusive releases.Founded in 2018 in Vancouver, Canada, SoleSavy Inc provides a platform for sneaker enthusiasts to trade and buy sneakers. The company was established by Dejan Pralica and Justin Dusanj. In March 2021, SoleSavy raised USD 12.5 mn in Series A funding led by Bedrock Capital, with participation from Banana Capital, Bessemer Venture Partners, LAUNCH, and Panache Ventures. The total amount raised to date is USD 12.5 mn, with three notable funding rounds completed.SoleSavy provides a comprehensive sneaker membership platform designed to enhance the sneaker buying experience for its users. The core offerings include a free basic plan that allows members to enter global sneaker raffles, trade sneakers via the COLLECT app with minimal fees, and access the DROPS app, which features a calendar of confirmed sneaker releases and personalized alerts. The platform aims to solve common challenges faced by sneaker enthusiasts, such as securing coveted releases and trading within a supportive community. SoleSavy serves a diverse customer base of sneaker collectors and enthusiasts across multiple geographical markets, including North America and Europe, enhancing their experience through community engagement and expert support.SoleSavy generates revenue primarily through its subscription model, offering a yearly membership priced at USD 144 and a monthly option at USD 33. Members benefit from various services, including exclusive access to sneaker releases, discounted trading fees, and tailored support from the SoleSavy team. The company also fosters partnerships with retailers to facilitate members-only shopping events and private sales. Transactions within the platform typically involve members utilizing the COLLECT app for trading, while the DROPS app aids in tracking upcoming releases, ensuring that users maximize their opportunities to buy, sell, and trade sneakers effectively.Following the Series A funding round in March 2021, SoleSavy plans to expand its offerings beyond North America to markets including Australia and New Zealand, the United Kingdom, Singapore, Japan, Mexico, and Europe. The funding will be utilized to support these expansion initiatives, enhancing the platform's reach and accessibility for sneaker enthusiasts in these regions.

## Funding rounds

- Series A, Mar 29, 2021, $13M — Bessemer Venture Partners, Origin Ventures, LAUNCH, Bedrock, Panache Ventures, Banana Capital
- Seed, Jan 11, 2021, $2M — LAUNCH, Gelt Venture Capital, Bedrock, Panache Ventures, Tiny Capital

## Investors

- LAUNCH (https://capitalatlas.ai/funds/launch) — Seed, Series A
- Gelt Venture Capital (https://capitalatlas.ai/funds/gelt-venture-capital) — Seed
- Bedrock (https://capitalatlas.ai/funds/bedrock) — Seed, Series A
- Panache Ventures (https://capitalatlas.ai/funds/panache-ventures) — Seed, Series A
- Tiny Capital (https://capitalatlas.ai/funds/tiny-capital) — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A
- Origin Ventures (https://capitalatlas.ai/funds/origin-ventures) — Series A
- Banana Capital (https://capitalatlas.ai/funds/banana-capital) — Series A