Joint Led by IDG Cash and Sequoia Funds China, the footwear company’s Series A funding signifies VC giants’ assurance in the prospect and likely of this firm.
LOS ANGELES, June 21, 2022 /CNW/ — Miracle MILES Group INC., a footwear technology business that owns the well known brand name Desire Pairs, officially announces today that it has closed a $100M Series A funding. The financing jointly led by IDG Money and Sequoia Cash China will even more enhance the firm’s intense growth into the worldwide current market.
“This spherical of funding has been closed in spite of a specially challenging and turbulent capital market place, which demonstrates the self confidence of planet-class investors in the strength of our business,” claims Brian Cao, founder of Miracle MILES Team INC. “To prepare for world wide growth, the corporation is producing an intelligent cloud system to assess the industry’s major knowledge. Establishing remarkably-successful digital management programs boosts the total item daily life cycle from products design and development to end-customer business.”
The enterprise owns 3 essential makes: Dream Pairs, which sales opportunities Amazon.com in females trend footwear product sales, the organization-casual menswear brand name Bruno Marc, and Nortiv8, an out of doors recreation line. All 3 are among the the Leading 100 footwear models on Amazon.com, with extra than 20 million pairs of shoes marketed. Most notably, Dream Pairs has rated as the #1 seller in lots of types, like heel sandals, flats, and pumps.
“We are very amazed by their diligence and perseverance whilst bettering the customer practical experience journey,” said Jiajia Zou, Spouse of Sequoia Funds China. IDG‘s Companion Meng Lian also spoke very extremely of the provide chain efficiency: “Miracle Miles Group has an extraordinary market share and keeps escalating irrespective of a world-wide pandemic. We are astonished by their perseverance to quickly launch and enhancing foreseeable future variations. We glance ahead to expanding jointly with them,” Meng stated.
With the ammunition from this spherical of funding, the corporation will get to even a lot more customers in the US and carry on to develop a larger sized shopper base in The us, Europe, and Asia in 2 to 3 many years.
About Wonder MILES Group INC.
Miracle MILES Group INC. is a tech-driven footwear business with 3 nicely-recognized makes: Desire Pairs, Bruno Marc, and Nortiv8, masking various types: women’s footwear, kids’ sneakers, men’s sneakers, out of doors footwear, and get the job done sneakers. With above two thousand shoe styles and 20 million people, MMT’s mission is to build worth for and make high-quality vogue available to shoppers by delivering stylish, practical, comfy footwear with fair pricing.
For far more data, make sure you get in touch with:
Perspective authentic articles to download multimedia:https://www.prnewswire.com/news-releases/wonder-miles-team-inc-closes-100m-collection-to-accelerate-expansion-301571802.html
Supply Miracle Miles Know-how Co.
Look at original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/21/c0606.html