Birdies Inc.

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Birdies Inc. - overview

Established

2015

Location

Sacramento, CA, US

Primary Industry

Consumer Products

About

Based in California, Birdies Inc. specializes in designing and producing stylish women’s footwear, emphasizing comfort and elegance to cater to busy women’s needs for versatile shoes. Birdies Inc. was founded in 2015 in Sacramento, California, and focuses on creating fashionable flats for women.


The company has raised USD 11. 5 mn in funding, including a recent deal in May 2021 led by Index Ventures. The firm has completed three total deals, with no known subsidiaries or major pivots in its business strategy. Founders Dan Nicholls and Marisa Sharkey have established a reputation in the footwear industry, while Peregrine Honig serves as CEO.


Birdies specializes in the design and production of women's footwear, particularly stylish flats that combine comfort and elegance. Their core product offerings include various styles such as ballet flats, loafers, and sandals, all characterized by a 7-layer cloud-like comfort system and luxe quilted footbeds to ensure a soft wearing experience. Targeting busy women, Birdies aims to address the need for fashionable shoes that do not compromise on comfort, making them suitable for various occasions, from casual outings to professional settings. Their shoes are crafted with high-quality materials, including openweave and patent leather, and are available in a diverse range of colors and patterns.


The company primarily serves customers in the United States but has expanded its reach to international markets, catering to women who prioritize both style and comfort in their footwear choices. Birdies generates revenue primarily through direct-to-consumer sales, leveraging an e-commerce platform that facilitates transactions. Customers can purchase individual pairs of shoes, with prices reflecting the quality and design intricacies of each product, such as the Mary Jane style priced at USD 150 and various openweave options ranging from USD 140 to USD 215. The company employs a customer-centric approach, offering incentives like free shipping on orders over USD 85 and a referral program where customers can benefit from promotions such as 'Give USD 30, Get USD 30.


' This structure encourages repeat business and enhances customer loyalty. Birdies has successfully positioned its trademarked product lines in the competitive footwear market, appealing to clientele that values both aesthetics and practicality in their shoe choices. In May 2021, Birdies Inc. raised USD 11.


5 mn in venture funding led by Index Ventures, with participation from Kamet Ventures. The company plans to utilize the funding to improve product innovation and create new address features for customers. As part of its future growth strategy, Birdies is focused on launching upcoming new products designed to enhance comfort and style. Additionally, the company is looking to expand into international markets, aiming for specific regions to be targeted by the end of 2023.


Current Investors

KNS International LLC, Forerunner Ventures, Social Capital

Primary Industry

Consumer Products

Sub Industries

Footwear, Retail

Website

www.birdies.com

Verticals

E-commerce, Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Birdies Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedBirdies Inc.-

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