# SOLS Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sols-systems

- Industry: Software
- Headquarters: New York, US
- Website: www.sols.com
- Total disclosed funding: $19M
- Latest round: Series B (Feb 27, 2015)
- Investors on record: 15

## About

SOLS Systems, Inc. specializes in innovative foot health solutions, providing custom orthotics through advanced scanning technology and 3D printing, enhancing comfort and support for users.Founded in 2013 and headquartered in New York, US, SOLS Systems, Inc. offers tailored foot health solutions. The company experienced a significant shift in 2017 when it was acquired by Aetrex Worldwide, Inc. The founders, Nikoo Ghanizadeh, Tejas Agnihotri, and Ziad Sakr, built the company with a vision to improve foot health using technology. The latest funding round was a Series B, raising USD 11.10 mn, bringing the total amount raised to USD 11.10 mn, with investors including Founders Fund, Lux Capital, M7 Tech Partners, and Tenaya Capital.SOLS Systems, Inc. offers custom orthotics manufactured through advanced 3D printing and scanning technology. These orthotics are designed to provide enhanced comfort and support, catering to individual foot shapes and specific needs. Their services are targeted primarily at consumers seeking personalized solutions for foot health, allowing for improved mobility and reduced discomfort.SOLS Systems, Inc. generates revenue through the sale of custom orthotics and related services. Their revenue model includes direct sales to consumers, focusing on personalized products that meet the unique requirements of each client, thus ensuring a steady income stream from individual customers seeking advanced foot health solutions.SOLS Systems, Inc. plans to enhance its product offerings by developing new features for its orthotic solutions, with potential launches anticipated in the upcoming fiscal year. The company is also targeting expansion into European and Asian markets by 2025, leveraging its recent funding to scale production and marketing efforts. The funding from the Series B round, completed in February 2017, will be utilized to support these initiatives, particularly in ramping up operations and reaching new geographic regions.

## Funding rounds

- Series B, Feb 27, 2015, $11M — Founders Fund, Lux Capital, Tenaya Capital, M7 Tech Partners
- Series A, Apr 29, 2014, $6.4M — RRE Ventures, Founders Fund, Lux Capital, Felicis Ventures, Grape Arbor VC, Rothenberg Ventures, FoundersGuild
- Seed, Dec 1, 2013, $1.8M — RRE Ventures, Lux Capital, ALM Media, LLC, Terawatt Ventures, Felicis Ventures, Grape Arbor VC, Silicon Badia, Start Garden, Rothenberg Ventures, Expansion Venture Capital, Funders Guild

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Seed, Series A
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed, Series A, Series B
- ALM Media, LLC — Seed
- Terawatt Ventures (https://capitalatlas.ai/funds/terawatt-ventures) — Seed
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed, Series A
- Grape Arbor VC — Seed, Series A
- Silicon Badia (https://capitalatlas.ai/funds/silicon-badia) — Seed
- Start Garden — Seed
- Rothenberg Ventures (https://capitalatlas.ai/funds/rothenberg-ventures) — Seed, Series A
- Expansion Venture Capital (https://capitalatlas.ai/funds/expansion-venture-capital) — Seed
- Funders Guild — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A, Series B
- FoundersGuild (https://capitalatlas.ai/funds/foundersguild) — Series A
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series B
- M7 Tech Partners (https://capitalatlas.ai/funds/m7-tech-partners) — Series B