Avoli is marking its one-year anniversary by announcing the completion of a seed funding round and its inaugural retail transaction.
The volleyball shoe brand, which officially launched last year, secured over $2.1 million from a range of investors in the athletic, investing, and footwear sectors, exceeding its initial target of $1.5 million for its first round. The financing round included angel investors such as Ho Nam, managing director and co-founder at Altos Ventures; Blythe Jack, partner at Greycroft Partners; and Pete Saperstone, partner at Greycroft Partners.
Avoli also announced the signing of its first retail deal with Scheels, which will allow it to sell its products exclusively in some stores across the US for a limited time.
