ISlide, the developer of custom slide sandals, closed its most recent investment round by adding three new prominent major investors. The investors include Milwaukee Bucks president Peter Feigin, Memphis Grizzles forward Jae Crowder, and former president of Adidas Sports Licensed division and Lids David Baxter.
The funding brings the company valuation to more than ten million dollars.
“I am excited to partner with ISlide and be a part of their growth story,” said Baxter. “It is a great brand, with great products and people. I believe it has tremendous opportunity to continue to grow and win consumers”
Founded in 2013 by Justin Kittredge, a 19-year footwear industry veteran, ISlide has amassed over 50 licenses and more than a dozen partnerships. The brand entered into a two-year licensing deal with the National Hockey League (NHL) to manufacture and distribute footwear products and designs featuring NHL team logos. This added further strength to the brand as they already previously held the licenses for both the NBA and MLB.
ISlide enables consumers to create their own design on athletic sandals, enabling individual expression and self-representation with peers, family, and friends, embodying the message “Stand In What You Stand For.” The sandals sandal have been seen on the feet of countless athletes and celebrities to include Lebron James, Rob Gronkowski, Sidney Crosby, Steph Curry, Justin Bieber, and more.
“When I started this company I knew we had a great opportunity in front of us. Bringing these new investors into our ISlide family is a testament to what we have been able to accomplish in this short period of time. I am incredibly proud of the hard work of our team and the continued growth we have had this past year resulting in us becoming a leading brand in the footwear industry,” said Kittredge, CEO of ISlide.
