Randy Goldberg and David Heath founded Bombas in 2013. The two
launched the company after seeing a Facebook post that mentioned
the need for socks at homeless shelters. They adopted the
one-for-one business model where the company would donate one
pair of socks for each one purchased. The company first received
funding in 2013, raising $145,000 through the crowdsource website
Indiegogo. A year later the company raised $1 million in seed funding
from friends and family. The founders appeared on Shark Tank in
September 2014 where they received additional funding of $200,000
from Daymond John in exchange for a 17.5% stake in the company.
In 2017, the company was on track for $50 million in sales.