Bombas

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This article is about the company. For the ethnic group, see Bomba (tribe).

Bombas

Industry Clothing

Founded 2013

Founders Randy Goldberg, David Heath

Headquarters New York City

Website bombas.com

Bombas is a sock manufacturer that follows a one-for-one business model similar to Toms
Shoes. For each pair of socks purchased from Bombas, a pair is donated to the homeless.

History[edit]
Bombas was founded in 2013 by Randy Goldberg and David Heath.[1] The two launched
the company after seeing a Facebook post that mentioned the need for socks at homeless
shelters. They adopted the one-for-one business model where the company would donate
one pair of socks for each one purchased.[1]
The company first received funding in 2013, raising $145,000 through the crowdsource
website Indiegogo. A year later the company raised $1 million in seed funding from friends
and family.[2] The founders appeared on Shark Tank in September 2014 where they
received additional funding of $200,000 from Daymond John in exchange for a 17.5% stake
in the company.[3] In 2017, the company was on track for $50 million in sales.[4]
As of May 2018, the company has donated more than 8.6 million pairs of socks.[5] Socks for
purchase boast several engineered solutions for common sock problems such as the
honeycomb arch support and blister tab[6]. Socks donated to the homeless have an anti-
microbial treatment and reinforced seams.[7]

References[edit]
1. ^ Jump up to:a b Segran, Elizabeth (29 July 2017). "Getting
Startups Fired Up About Social Justice, One Sock At A
Time". Fast Company. Retrieved 25 October 2017.
 2. Jump up^ Gelles, David (19 March 2016). "Selling High-
End Socks by Giving Them Away". The New York Times.
Retrieved 25 October 2017.
3. Jump up^ Levitt, Shelley (9 September 2016). "How
Bombas Socks Survived the 'Shark Tank'". Success.
Retrieved 25 October 2017.
4. Jump up^ "Bombas Socks on Shark Tank Goes From
$450,000 to $50 Million In Sales -". 2017-09-05.
Retrieved 2018-06-20.
5. Jump up^ "Meet Bombas, the cult-favorite sock startup that
has donated 8 million pairs to homeless shelters since
launching in 2013". Business Insider. Retrieved 2018-06-11.
6. Jump up^ "Sock Tech". Company Website.
Retrieved 2018-08-21.
7. Jump up^ "Meet Bombas, the cult-favorite sock startup that
has donated 8 million pairs to homeless shelters since
launching in 2013". Business Insider. Retrieved 2018-06-11.

External links[edit]
 Bombas website
 Good Morning America feature
This article about a fashion brand, house, corporation or company is a stub. You can help
Wikipedia by expanding it.
Categories:
 Fashion company stubs
 Companies established in 2013
 Clothing manufacturers
 Companies based in New York City
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 This page was last edited on 22 August 2018, at 16:12 (UTC).
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