Shoe insole manufacturer Getsteps receives 2.5 million euros

The DHDL start-up receives its second financing within a year. Among the business angels are also some scene greats.

The Berlin start-up Getsteps has received funding of 2.5 million euros. The money comes from STS Ventures, an early-stage investor from Cologne of Stephan Schubert, the founder of the finance portal Onvista. In addition, the shareholder base has expanded to include several business angels, Gründerszene reports. Among them are McMakler founder Felix Jahn, Helpling co-founder Benedikt Franke and Philip Stanger, a former Apple executive. Getsteps' valuation is in the tens of millions.

Just this fall, the startup received €1.2 million in funding, also from STS Ventures and several business angels. Previously, the founding team appeared on the VOX show "Die Höhle der Löwen" and presented their insoles, which are sold online custom-made. However, they were unable to convince the lions with this and went home without an investment. "We generated about a usual month's sales within a week of our appearance. In addition, we received attention from various partners," says Annik Wolf, CEO of Getsteps to Gründerszene.

Just recently, the startup launched a B2B business for industry employees. "Our goal is to close 2021 at the upper end of our revenue target of five to ten million euros," Wolf tells Gründerszene. Currently, the internationalization is on the agenda.