Vancouver, BC, Canada-based retailer Shoes.com said Thursday that it has raised $45 million in funding.
The money mostly comes from Shoes.com's own shareholders and pegs the company at a valuation of $320 million.
Shoes.com is one of Canada’s rare online success stories as the country hasn’t seen a lot of e-commerce yet. The online shoe retailer has seen success lately, with Q1 sales rising 89% year over year.
“There is clearly lots of interested in what the company is doing, for now we are focused on growing the company and serving customers,” CEO Roger Hardy told Internet Retailer magazine after the funding.