Total amount raised
$80 Thousand
Latest funding date
2020-10-15
Location
New Balance has successfully raised significant funding over multiple rounds, establishing itself as a prominent player in the athletic wear industry. The brand continues to innovate and expand, offering a diverse range of products that cater to various customer needs.
Keep reading to explore the intricacies of New Balance's fundraising journey and the investors backing this renowned brand.
What Is New Balance?
New Balance is a renowned brand specializing in athletic wear, including shoes, sneakers, and clothing for men, women, and kids. The company offers a variety of products, promotional offers, and membership perks.
Emphasizing new arrivals and trending items, New Balance focuses on providing a comprehensive shopping experience through its well-structured website. The brand continues to innovate and expand its product range to meet diverse customer needs.
How Much Funding Has New Balance Raised?
- Grant
- Amount Raised: USD 80,000
- Date: October 2020
- Lead Investors: Massachusetts Life Sciences Center
New Balance has raised a total of USD 80,000 in funding.
Key Investors
- Massachusetts Life Sciences Center
- Details: Massachusetts Life Sciences Center is an investment agency dedicated to supporting the life sciences ecosystem in Massachusetts. They provide funding and resources to foster innovation and growth in the sector.
- Investment Focus Areas: Biotechnology, pharmaceuticals, medical devices
- Notable Investments: Not publicly disclosed
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