Volleyball shoe brand Avoli is celebrating its one-year anniversary by announcing the closing of a seed funding round and its first-ever retail deal.
The volleyball shoe brand raised more than $2.1 million from a range of investors in the athletic, investing and footwear world after initially targeting $1.5 million for its first round. Angel investors in the round included managing director and cofounder at Altos Ventures Ho Nam, former managing director at TSG Consumer Partners and Rosewood Capital Blythe Jack and partner at Greycroft Partners Pete Saperstone.
In a statement, Avoli cofounder Rick Anguilla said the brand has experienced “unprecedented demand” for its products since it launched last year.more widely accessible to women and girl athletes around the country,” Anguilla said. “Scheels’ dedication to quality and an excellent customer experience aligns perfectly with our mission at Avoli, and we look forward to working together to grow the sport of volleyball.
The brand said on Wednesday that it has signed three additional top women’s volleyball athletes: including University of Louisville’s Anna DeBeer, Baylor University’s Lauren Briseño and University of Dayton’s Alia Williams. These women will be featured in Avoli’s new marketing campaign throughout the 2024 volleyball season, along with other top female volleyball players.
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