About Outway Socks
Outway Socks is a company based in Victoria (Canada) founded in 2016.. Outway Socks has raised $3.2 million across 1 funding round from investors including Andrew Wilkinson, Shane Parrish and Jason Warner. Outway Socks offers products and services including Athletic Socks, Merino Wool Socks, Compression Socks, and Kids Socks. Outway Socks operates in a competitive market with competitors including Futz, Highstance, SixSox, KashSu and Impsocks, among others.
- Headquarter Victoria, Canada
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.2 M (USD)
in 1 rounds
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Latest Funding Round
$3.2 M (USD), Angel Round
May 01, 2022
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Investors
& 10 more
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Employee Count
Employee Count
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Products & Services of Outway Socks
Outway Socks offers a comprehensive portfolio of products and services, including Athletic Socks, Merino Wool Socks, Compression Socks, and Kids Socks. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Socks for sports and workouts with moisture-wicking features
Socks designed for warmth and odor prevention in daily use
Socks that support recovery and reduce fatigue after exercise
Socks tailored for children's active play and comfort
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Funding Insights of Outway Socks
Outway Socks has successfully raised a total of $3.2M through 1 strategic funding round. The most recent funding activity was a Angel Round round of $3.2 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $3.2M
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First Round
First Round
(01 May 2022)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Angel Round - Outway Socks | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Outway Socks
Outway Socks has secured backing from 11 investors, including angel investors. Prominent investors backing the company include Andrew Wilkinson, Shane Parrish and Jason Warner. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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AW
Andrew Wilkinson |
Canadian entrepreneur, angel investor, and founder of Tiny, active in tech startups.
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Founded Year | Domain | Location |
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SP
Shane Parrish |
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Founded Year | Domain | Location |
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JW
Jason Warner |
Angel investor, ex-CTO of GitHub, backing Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Outway Socks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Outway Socks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Outway Socks Comparisons
Competitors of Outway Socks
Outway Socks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Futz, Highstance, SixSox, KashSu and Impsocks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fütz offers premium socks including essential performance and boot styles online.
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| domain | founded_year | HQ Location |
An online private label brand specializing in performance socks.
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| domain | founded_year | HQ Location |
Sells premium, anti-odor, eco-friendly socks and accessories through online retail.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand specializing in socks.
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| domain | founded_year | HQ Location |
A direct-to-consumer brand offering essential fashion items.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Outway Socks
When was Outway Socks founded?
Outway Socks was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Outway Socks located?
Outway Socks is headquartered in Victoria, Canada. It is registered at Victoria, British Columbia, Canada.
Is Outway Socks a funded company?
Outway Socks is a funded company, having raised a total of $3.2M across 1 funding round to date. The company's 1st funding round was a Angel Round of $3.2M, raised on May 01, 2022.
What does Outway Socks do?
Outway Socks was founded in 2016 in Victoria, Canada, as an internet-first brand in the apparel sector. Socks are provided in ankle, quarter, crew, and calf lengths to accommodate different preferences. Accessories such as eyewear, headwear, and keychains are also available through the companys online platform, outway.com. Operations focus on direct-to-consumer sales within the e-commerce space.
Who are the top competitors of Outway Socks?
Outway Socks's top competitors include Futz, Highstance and SixSox.
What products or services does Outway Socks offer?
Outway Socks offers Athletic Socks, Merino Wool Socks, Compression Socks, and Kids Socks.
Who are Outway Socks's investors?
Outway Socks has 11 investors. Key investors include Andrew Wilkinson, Shane Parrish, Jason Warner, Jonathan Becker, and Rasool Rayani.