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.
Socks for purchase boast several engineered solutions for common
sock problems such as the honeycomb arch support and blister tab.
Socks donated to the homeless have an anti-microbial treatment
and reinforced seams.