Black Led Footwear Disruptor FCTRY Lab Completes Over-Subscribed Series A Round Raising $15M+ In Two Financings
Summary
Raise validates equitable ownership business model with major collaborators while selling out multiple lines of radical footwearLOS ANGELES, CA, UNITED STATES, March 11, 2025 /EINPresswire / -- Since closing its first financing in early 2023, FCTRY LAb has proven its ability to disrupt the traditional endorsement model of larger sneaker brands by providing significantly more ownership to its creator partners and successfully selling out multiple independent and collaborative footwear launches. This capital will further their mission to give power back to the creators who are pushing boundaries in the footwear space.FCTRY LAbs growth trajectory has been unique and organic. It designed, developed and manufactured cleats from scratch for Super Bowl winning cornerback Jalen Ramsey, which was ranked top 5 out of 25 by the NFLs testing lab. Co-Founded by Omar Bailey and Abhi Som, FCTRY LAbs mission is to help creators and brands of all sizes to develop and commercialize footwear while giving them significantly larger ownership than traditional endorsement models. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article.