Primal Soles

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PRIMAL Soles® award-winning circular shoe insoles are designed for maximum comfort without the environmental footprint.

Basic details

Amount raising

€1,250,000

Country

Netherlands

Industry

Climate, Ecommerce, Fashion, Health, Industry, Materials, Social, Sports

Website

https://www.primalsoles.com

Founders

Last updated:

June 18, 2023

Key Achievements

Top student-led project at the Financial Times Responsible Business Education Awards 2023 in Davos at the World Economic Forum's SDG Tent
Contract with Cortiçeira Amorim as it pertains to the Shipment of Green List Waste in accordance with the Regulation (EC) No 1013/2006 of the European Parliament

Premium Details Available

Monthly Revenue
Growth rate (month over month)
Contextual explanation on monthly revenues
Number of paying customers
Number of active users
Percentage of company owned by founders
Amount raised in the past
Is there a lead investor?
Amount in this round already committed
When aiming to close this round?

Percentage of their time founders are spending on this.
Is there a founder with previous c-level or founder experience?
Is there a founder with exit experience?
Is there a founder with previous sector experience?
Is there a women founder with at least 5% in the team?
Year founded

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Premium Details

(Data is self reported)

Monthly Revenue

€5K - €10K

Growth rate month over month

>16%

Monthly revenue context

Shoe insoles are by nature a cyclical product that wear out. Therefore, we have logically set up a subscription model as one of the first in the industry

Number of paying customers

1000

Monthly active users

How much have you raised in the past?

410000 through a donation by Andre Hoffmann from InTent and the Hoffmann Family Fund after winning the Financial Times Responsible Business Education Awards in Davos 20000 convertible note 30000 angels 40000 crowdfunding (one currently active)

Do you have a lead investor?

No, but I am in the I4N Accelerator

How much of this round already committed?

When are you aiming to close this round?

Q1 2024

Patent status

Year founded

2021

How much time do the founders spend on the business?

100%

Is there a founder with previous co-founder / c-level at startup experience?

Is there a founder with previous Sector Experience?

Yes

Is there a founder with previous Exit Experience?

What percentage of company is owned by founders?

100% owned by founders

Is there a women founder with at least 5% of the shares?

Yes

Is there a founder with a EUR / Erasmus MC or TUDelft relation?

None of these

Graduation year from EUR, Erasmus MC or TUDelft

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