Total amount raised
$80 Thousands
Latest funding date
10/01/2020
Location
New Balance is a renowned brand specializing in shoes, sneakers, and athletic wear, offering a wide range of products for men, women, and kids. The company emphasizes its independence and commitment to empowering people through sport and craftsmanship since 1906.
Keep reading to explore the intricacies of New Balance's fundraising journey and the investors backing this innovative platform.
What Is New Balance?
New Balance, founded in 1906, is a prominent player in the athletic wear industry, specializing in shoes, sneakers, and sports apparel. The company is celebrated for its commitment to craftsmanship and empowering communities through sport.
Known for its signature color grey, New Balance hosts events like "Grey Days" to honor its heritage. The brand offers a diverse range of products for men, women, and kids, along with various promotions and member benefits such as free shipping and returns.
How Much Funding Has New Balance Raised?
- Grant Round
- Amount Raised: $80K
- Date: October 2020
- Lead Investors: Massachusetts Life Sciences Center
New Balance has raised a total of $80K.
Key Investors
- Massachusetts Life Sciences Center
- Details: The Massachusetts Life Sciences Center (MLSC) is an economic development and investment agency dedicated to supporting the growth and development of the life sciences sector in Massachusetts. They provide funding and resources to foster innovation and create jobs in the life sciences industry.
- Investment Focus Areas: Biotechnology, pharmaceuticals, medical devices, diagnostics, bioinformatics
- Notable Investments: Moderna, Ginkgo Bioworks, Editas Medicine
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