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About Bombas
Industries
Social Impact
Consumer Goods
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$149M
Headquarters
New York City, New York
Founded
2013
Overview
Bombas creates comfortable socks and apparel while also making a social impact through its one-for-one business model. For every item purchased, Bombas donates a similar item to someone in need, addressing the high demand for socks in homeless shelters. The company offers a variety of products for men, women, and children, including socks, slippers, and other apparel, primarily through its e-commerce platform, bombas.com. Bombas stands out from competitors by combining high-quality, comfortable products with a strong commitment to social good, which fosters brand loyalty among consumers who value social responsibility. Additionally, Bombas has launched special collections, such as the Black Hive Collection, to celebrate Black excellence and support the contributions of Black creators. The goal of Bombas is to provide comfort through their products while also helping those in need.
Simplify's Take
What believers are saying
- Recent $70 million equity investment supports product line expansion and market entry.
- Seasonal collections, like the Essential Fall Edit, drive sales and customer excitement.
- Digital advertising innovations in NYC raise brand awareness and engage urban consumers.
What critics are saying
- Increased competition from similar socially responsible brands may dilute Bombas' uniqueness.
- Expansion into slides and sandals could confuse consumers about Bombas' core identity.
- Rising material costs may impact profit margins due to their donation commitment.
What makes Bombas unique
- Bombas operates a one-for-one business model, donating socks for each pair sold.
- The company collaborates with popular brands, like Disney, for unique product collections.
- Bombas focuses on comfort and social impact, appealing to socially conscious consumers.
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Funding
Total Funding
$149M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Parental Leave
Unlimited Paid Time Off
Paid Vacation
Phone/Internet Stipend
Wellness Program
Company Equity
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 2%2 year growth
↑ 0%Bombas, a sock company, partnered with the Community Services League to give away nearly 60,000 pair of sock to students.
Bombas has filed a notice of an exempt offering of securities to raise $70,559,175.00 in New Equity Investment. Bombas has filed a notice of an exempt offering of securities to raise $70,559,175.00 in New Equity Investment.According to filings with the U.S. Securities and Exchange Commission, Bombas is raising up to $70,559,175.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, David Heath played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About BombasBombas is a comfort focused apparel brand with a mission to help those in need. The organization launched in 2013, after the founders learned that socks are the #1 most requested clothing item at homeless shelters. From there, they set out to solve that problem, donating a pair of socks for every pair they sell
Bombas, well known for its comfortable socks, just slid into footwear with the launch of The Friday Slide.
Sock brand Bombas is launching a six-color slide sandal collection online and in stores today that will include a pair of socks donated to homeless shelters for each pair of slides purchased.
Simon House announces partnership with Bombas.
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About Bombas
Industries
Social Impact
Consumer Goods
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$149M
Headquarters
New York City, New York
Founded
2013
Bombas is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today