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Singapore-based sneaker brand Cariuma steps up funding

Direct-to-consumer shoe retailer raises about $16.5m

Cariuma offers direct-to-consumer sneakers made from natural materials. (Source photo from Cariuma Facebook page)

CEBU, Philippines -- Cariuma, a Singapore-headquartered direct-to-consumer sneaker brand, has raised about $16.5 million in a funding round backed by venture capital firm East Ventures, regulatory filings show.

Madrone Capital Partners, a venture capital and private equity firm associated with Rob Walton, the eldest son of Walmart founder Sam Walton; Innova Capital; Shanghai Capital Fund and other investors also participated in the round, according to Cariuma filings with Singapore's Accounting and Corporate Regulatory Authority (ACRA).

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