Rothy’s, a San Francisco, CA-based women’s footwear brand, received $35m investment from Goldman Sachs Investment Partners.
Founded in 2016 by Stephen Hawthornthwaite and Roth Martin, Rothy’s is a brand whose shoes are made from 100% recycled plastic water bottles and other recyclable materials, 3D knitted into seamless silhouettes and assembled by hand.
The company plans use the funds to open regional stores in major US cities and internationally.
The brand owns 100% of its manufacturing processes, including a facility in China, which allows the brand to test new products while remaining responsive to consumer demand signals.
Rothy’s offers four stylish silhouettes for women, the Flat, the Point, the Loafer, and the Sneaker, and one silhouette for girls, the Girls Loafer. The shoes are available online and the company recently launched its first retail presence on Fillmore St. in San Francisco.
The company has sold more than 1 million pairs of shoes in 2018 year to date, generating revenue of more than $140 million.
FinSMEs
19/12/2018