ISlide, known for its ability to create custom slide sandals within days using a proprietary printing process, has closed its most recent investment round by adding three new prominent major investors, bringing the company valuation to more than $10 million. The investors include Milwaukee Bucks President Peter Feigin, Memphis Grizzles forward Jae Crowder and David Baxter, former president of Adidas Sports Licensed Division and LIDS.
“Bringing these new investors into our ISlide family is a testament to what we have been able to accomplish in this short period of time,” says Justin Kittredge, founder and CEO of ISlide. “I am incredibly proud of the hard work of our team and the continued growth we have had this past year resulting in us becoming a leading brand in the footwear industry.”
ISlide recently entered into a two-year licensing deal with the NHL to manufacture and distribute footwear products and designs featuring team logos. The company already holds licenses for the NBA and MLB. ISlides have been seen on the feet of athletes and celebrities, including Lebron James, Rob Gronkowski, Sidney Crosby, Steph Curry and Justin Bieber. Islide has also teamed with DJ Khaled on the “Another One” and “Bless Up” sandals.
“I am excited to partner with ISlide and be a part of their growth story,” staters Baxter. “It is a great brand, with great products and people. I believe it has tremendous opportunity to continue to grow and win consumers.”