Miracle Miles Group, Inc., which owns the Dream Pairs, Bruno Marc and Nortiv8 footwear brands, announced that it had closed a $100 million Series A funding. The financing jointly led by IDG Capital and Sequoia Capital China will further boost the company’s global expansion.
“This round of funding has been closed despite a particularly challenging and turbulent capital market, which shows the confidence of world-class investors in the strength of our business,” says Brian Cao, founder of Miracle Miles Group Inc. “To prepare for global expansion, the company is developing an intelligent cloud platform to analyze the industry’s big data. Establishing highly-efficient digital management systems enhances the entire product life cycle from product design and development to end-consumer business.”
“We are very impressed by their diligence and perseverance while improving the customer experience journey,” said Jiajia Zou, partner of Sequoia Capital China.