BucketFeet, a Chicago, IL-based footwear brand which aims to connect people through art, raised $7.5m in Series A funding round.
The round was led by Rishi Shah’s Jumpstart Ventures, a previous investor based in Chicago, with participation from Yunsan, Gordon Segal, Jeff Cantalupo, and Glen Tullman.
The company, which has now raised a total of $13.3m, intends to use the funds to make new hires including in-house tech, sales, artist, and content teams, run various technological initiatives including a redesign of the existing website, scaling inventory, and launch a variety of products including art accessories, new sneaker silhouettes, and a range of socks.
Founded in 2011 by CEO Raaja Nemani, BucketFeet is a footwear brand that sources designs from artists worldwide, while sharing the story behind them and their work to develop a connected relationship between art and consumer. It collaborates with designers in more than 80 countries. The brand started small, amd now sells products globally, including through nationally recognized retailers such as Nordstrom, Bloomingdale’s, and Lord & Taylor.
The company will continue to open new brick and mortar stores, which the brand calls studios, including three international locations in Asia, and expand the two currently-opened retail storefronts in New York City and Chicago.
FinSMEs
04/02/2015