Women’s footwear and accessories direct-to-consumer merchant Sole Society has raised an $8 million funding round from Nordstrom Inc. and Insight Venture Partners.
Sole Society also added two executives to its management team. Founding member and chief executive officer Andy Solomon said, “This funding, along with our new leadership team, positions our brand for healthy growth over the next 12 to 18 months and beyond.”
The new team members include Louisa Chen, who is chief financial officer, and Marly Dreis, the company’s vice president of marketing.
The company was spun off from flash-sale site Haute Look when it was acquired by Nordstrom in 2011. In addition to the online site, Sole Society also sends out catalogs as part of its direct-to-consumer marketing efforts. Its products are also available at select Nordstrom stores and on Nordstrom.com.
The company has begun offering its women’s footwear, handbags and accessories on QVC and at select boutiques. The company said the expanded executive team will help with the firm’s “aggressive expansion plans across retail and e-commerce.”