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Stylish shoe brand Casca Footwear acquired by Unity Brands
The six-year-old company had previously raised nearly $5 million in venture funding.
Casca Footwear has been acquired by Unity Brands, the company announced this morning (August 30).
Notable: It’s the second Vancouver firm scooped up by Unity in the past month. In July, Kit and Ace was sold to the growing retailer, which is helmed by David Lui, Joe Fresh founder Joe Mimran, and Frank Rocchetti.
Backstory: In 2017, roommates Braden Parker and Kevin Reid, started Casca out of a Kitsilano basement suite. Their goal was to craft footwear that fused functionality, comfort, and style.
In their own words: “I am incredibly proud of what we have built over the last seven years, and I’m looking forward to seeing Casca achieve new levels of growth with Unity Brands,” said Braden Parker, Casca’s co-founder and CEO, in a statement. “The team at Unity Brands recognizes Casca’s mission to support the customer experience from the ground up. Their commitment to nurturing quality-driven brands that deeply resonate with consumers aligns with the ethos on which Casca was founded.”
Casca had previously raised a $4.66 million venture funding round led by Khosla Ventures and investors including Shopify founder Tobi Lütke.
Buyer notes: “We are thrilled to announce the addition of Casca Footwear to our portfolio,” said David Lui, CEO at Unity, in a statement. “With a focus on technology and contemporary designs, Casca aligns perfectly with our commitment to providing innovative and stylish products for our guests. We are eager to expand and grow this exceptional brand.”
Now, what: Unity plans to expand the company into new markets and grow its product offering, according to a company statement.