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SOLS Raises $11.1 Million to Bring 3-D Printed Insoles to the Masses

Investors include Carmelo Anthony and the CEO of the Dallas Mavericks.

by Kurt Wagner
Twitter

SOLS, a manufacturing startup specializing in 3-D printed insoles for shoes, raised $11.1 million in new venture funding, according to CEO Kegan Schouwenburg.

The funding includes existing investors Founders Fund and Lux Capital, plus new partners Tenaya Capital and Melo7 Tech Partners. It’s the second funding round in less than a year for the company; it raised $6.4 million back in April.

SOLS partners with medical professionals to print custom orthotics for patients, but plans to use the money to expand into consumer sales in the next few months, said Schouwenburg. The company also has plans to bring its product to professional athletes in the near future. Basketball star Carmelo Anthony of the New York Knicks is now an investor through his Melo7 fund, and Terdema Ussery, president and CEO of the NBA’s Dallas Mavericks, joined the SOLS board as part of Friday’s announcement.

This article originally appeared on Recode.net.

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