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Dtc Startup, Psudo, On A Mission To Create The World’s Most Eco-Friendly Sneaker Raises $3M Seed Round
PRIVATEMay 19, 2022•over 4 years ago
Amount Raised
$3 Million
Round Type
Seed
Hermosa BeachConsumer Goods
Description
Psudo Inc. (the “Company” or “Psudo”), the made in the U.S.A. sneaker startup, announced that it recently completed a $3M seed financing round managed by SternAegis Ventures, who acted as placement agent. Founded in 2020, by husband and wife duo Michael and Kortney Rich, LA-based Psudo is hacking the $70B+ sneaker market with its ethical, small-batch, and on-demand sneaker manufacturing process.
Company Information
Company
Psudo
Location
Hermosa Beach, California, United States
About
Founded in 2020 by industry veterans Michael and Kortney Rich, LA-based Psudo is hacking the $70B+ sneaker market with its ethical, small-batch, and on-demand sneaker manufacturing process. Made from recycled water bottles and designed using sublimation printing with zero-waste, Psudo plans to solve the decades-old sustainability issue within the footwear industry. For every Psudo sneaker produced, 7.2 single-use plastic bottles are saved from entering the world's oceans and landfills. To date, Psudo has been able to divert over 61,000 bottles and counting.
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Hermosa BeachConsumer Goods