DillySocks has received an injection of fresh capital from both institutional and private investors alike. As part of a financing round with a focus on securing additional growth, the Zurich-based colorful socks brand raised a total of 700,000 Swiss francs. According to a press release issued by venturelab, the e-commerce firm has announced the successful completion of a financing round with the innovation foundation of Schwyz Cantonal Bank in addition to several private investors. These included André Günter and Marc Ocskay from AVM smartmoney.
André Günter will join the board of directors as Investor Director. In the press release, he explained that the founder team “has shown extraordinary early success in establishing a strong brand in Switzerland”. He subsequently added: “A strong team, creative designs, a responsible approach to sustainability, combined with a smart approach to a multi-channel sales strategy demonstrate a promising position to further expand the business also internationally”.