TOMS Shoes
TOMS Shoes is a technology company.
About
TOMS Shoes, LLC is a Los Angeles-based for-profit company that designs and markets a range of consumer products, primarily footwear, but also extending to eyewear, coffee, and apparel. The company is recognized for its unique social enterprise model, which historically involved a "One for One" giving pledge, providing a product to a person in need for every item purchased. This integrated approach to business and social impact is central to its brand identity and operational strategy.
The company was founded in 2006 by Blake Mycoskie, an entrepreneur whose insight stemmed from a trip to Argentina. Witnessing children without shoes, Mycoskie was inspired to create a business that would directly address this need. His vision was to adapt the traditional Argentine alpargata shoe for the North American market, linking each sale to a charitable donation of footwear, thereby establishing a novel socially conscious business framework.
TOMS serves a consumer base seeking products from a brand with an embedded social mission. Its long-term vision has evolved from its initial direct giving model to committing one-third of its net annual profits to grassroots organizations. This strategic shift allows the company to support various causes, including mental health, access to opportunity, and ending gun violence, reflecting an adaptive and broad commitment to social impact.
Financial History
TOMS Shoes has raised $300K across 1 funding round.
Frequently Asked Questions
How much funding has TOMS Shoes raised?
TOMS Shoes has raised $300K in total across 1 funding round.