INSUBCONTINENT EXCLUSIVE:
Retail has been revolutionized over the last decade, with brands like Casper and Warby Parker offering high-quality goods at lower costs
simply by selling them through the internet.Koio, a relatively new high-end sneaker brand, is looking to get in on the new retail wave, and
the company has some fresh cash to do it.Koio has just announced the close of a $3 million Series A funding led by Action Capital, with
participation from Brand Foundry Ventures, Winkelvoss Capital, actor Miles Teller and director and producer Simon Kinberg, among others.Koio
was founded Chris Wichert and Johannes Quodt, who were sick of spending so much on high-end leather sneakers
The brand focuses on making nice shoes available at a relatively lower price while maintaining high quality products
Most of Koio’s shoes run for around $250.
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The company works with a Chanel factory in Italy
for all manufacturing, and no piece of the production is outsourced.But what’s more interesting to consumers is that Koio’s strategy
The company has partnered with tattoo artist Jonboy, surfer Lindsey Davis, and even Game of Thrones for limited run sneakers, all of which
have sold out quickly.Koio launched in late 2015, and saw 400 percent YOY growth in 2017
The company has also started launching pop-up shops, with one in NYC and one launching today in Los Angeles.“It’s really important to us
that we build Koio in an authentic and sustainable way and that our authenticity is transparently communicated to customers in the digital
