Footway Group AB
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Footway Group AB - overview
Location
-, -, Sweden
Primary Industry
Consumer Products
About
Footway Group AB is a Swedish e-commerce company specializing in footwear and apparel, offering a wide variety of high-quality products through an efficient online marketplace. Footway Group AB operates a comprehensive online marketplace that connects consumers with various footwear and apparel suppliers. The company was founded by Sara Wimmercranz and is currently led by CEO Daniel Mühlbach and Marcelo Sant'Ana. The company raised SEK 28 million in funding from Industrifonden on January 25, 2012, which constitutes the total amount raised to date.
Footway has not undergone significant changes in its business operations or structure since its inception and does not have any known subsidiaries. The company is headquartered in Sweden. Footway Marketplace offers a diverse range of products, specializing in footwear and apparel. This includes sneakers, sandals, boots, and flats, along with clothing items such as swimwear, undergarments, jackets, and sportswear.
The platform caters to both individual customers and businesses, enhancing the shopping experience by connecting users to a wide selection of quality products. Footway serves various markets across Europe, including Sweden, Denmark, Norway, Finland, Germany, and the United Kingdom, focusing on providing a seamless online shopping experience. In the most recent financial year of 2022, Footway generated revenue of SEK 0, and its EBITDA for the same year was also reported at SEK 0. The company employs a direct-to-consumer sales model, facilitating transactions on a commission-based structure, allowing for competitive pricing while partnering with various brands and suppliers to enhance its offerings.
Footway plans to utilize its most recent funding of SEK 28 million from January 2012 to expand its product offerings and enhance its marketplace operations. The company is focusing on developing new products to be launched in upcoming seasons and aims to enter additional European markets to increase its geographical footprint. Specific target markets for expansion have not been disclosed, but the strategic use of funding will support these initiatives to improve operational capabilities and customer reach.
Current Investors
eEquity, Industrifonden
Primary Industry
Consumer Products
Sub Industries
Footwear
Website
www.footway.se
Verticals
E-commerce
Total Amount Raised
Subscriber access only
Footway Group AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Footway Group AB | - |
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