Manitobah

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Manitobah - overview

Established

1997

Location

Winnipeg, MB, Canada

Primary Industry

Consumer Products

About

Manitobah Mukluks is a Canadian company that specializes in handcrafted footwear, including mukluks and moccasins, emphasizing Indigenous artistry and cultural significance in their designs. Founded in 1997 in Winnipeg, Canada, Manitobah Mukluks focuses on creating high-quality handcrafted footwear. The company is led by CEO Carolyn Macnaughton and co-CEO Greg Tunney. Sean McCormick, the founder, has a background in promoting Indigenous craftsmanship, enhancing the company's mission to honor Indigenous heritage.


To date, Manitobah has completed one funding deal, with the most recent investment occurring on June 30, 2010. Manitobah Mukluks specializes in handcrafted footwear, including mukluks, winter boots, moccasins, and slippers that integrate Indigenous artistry and cultural significance. Their core offerings emphasize comfort and style, featuring various designs that cater to both functional winter wear and casual indoor footwear. The company targets a diverse customer base, including individuals seeking high-quality, culturally rich footwear, as well as those interested in Indigenous craftsmanship.


Manitobah Mukluks sells its products primarily through its online platform, reaching consumers in North America, Europe, and parts of Asia. The company’s commitment to honoring Indigenous heritage is reflected in its collaborations with Indigenous artists, creating unique collections that resonate with customers who value authenticity and cultural storytelling. Manitobah Mukluks generates revenue through direct-to-consumer sales of its premium footwear and accessories. The company's transactions typically occur through its e-commerce platform, where customers can purchase individual items or take advantage of promotional offers, such as spending thresholds that provide discounts on future purchases.


The pricing structure for their products reflects the quality and craftsmanship involved, with various flagship items, including the Shannon Gustafson Collection and seasonal bestsellers. Specific pricing details are established by the company to ensure accessibility while maintaining the value of their artisanal offerings. Revenue is bolstered by customer engagement strategies, such as their "Fireside Newsletter," which encourages repeat purchases and strengthens brand loyalty. Manitobah Mukluks is focused on introducing new product lines that will expand its footwear offerings while maintaining the cultural significance of its designs.


The company is also planning to penetrate new markets in Europe and Asia by the end of 2025. Recent funding from the investment deal on June 30, 2010, will be utilized to support product development and enhance marketing strategies to facilitate this geographic expansion.


Current Investors

CAPE Fund Management

Primary Industry

Consumer Products

Sub Industries

Accessories, Footwear

Website

http://www.manitobah.ca

Verticals

Manufacturing

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Manitobah - 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)
GrowthCompletedManitobah-

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