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- Avoli Secures Over $2.1M in Initial Funding Round
Avoli Secures Over $2.1M in Initial Funding Round
Slice of Retail Team
August 09, 2024
Key Highlights:
Avoli raised over $2.1M in its initial funding round, surpassing the $1.5M target.
Investors include leaders from tech, consumer products, and volleyball industries.
Exclusive partnership with SCHEELS to sell Avoli footwear in select U.S. locations.
Signed top women’s college volleyball athletes for the "Hits Different" marketing campaign.
Avoli focuses on the unique performance needs of women and girl volleyball athletes.
Source (Business Wire)
Notable Quotes:
"In our first year as a company, we’ve seen an unprecedented demand for our footwear amongst the volleyball community, and our partnership with SCHEELS will make Avoli shoes more widely accessible to women and girl athletes around the country."
"We are proud to partner with Avoli and look forward to bringing their top-tier volleyball footwear to select stores across the U.S. We look forward to introducing the Avoli brand to our dedicated customers, and bringing products designed specifically for women and girl athletes to our shelves."
Our Take:
Avoli’s successful funding round and strategic partnerships underscore its strong market positioning and the growing demand for specialized athletic footwear tailored for women and girl volleyball athletes. By securing significant investment and partnering with a reputable retailer like SCHEELS, Avoli is poised for substantial growth. Their commitment to high-performance, gender-specific sportswear, and alignment with prominent athletes, highlights their potential to influence and enhance the volleyball community significantly. This milestone not only sets a precedent in the athletic wear industry but also marks a pivotal step in addressing the unique needs of female athletes.