On July 19, 2022, Kizik, a leader in hands-free shoes, and its parent, HandsFree Labs, announced the completion of a $20 million Series B funding round. Kizik will use the funds to launch a Kizik Kids line and create a retail footprint with Kizik stores. The funding round was led by The Newcastle Network, a consumer-focused private equity fund combining expertise in data science, creator and social media marketing, innovation, and entrepreneurship to help companies unlock new levels of growth.

Wilson Sonsini Goodrich & Rosati advised The Newcastle Network on the transaction. The team includes Marc Porter, Brian Dillavou, Jesse Houchens, Ryan Greecher, Myra Sutanto Shen, and Jonathan Ye.

For more information, please see Kizik's press release.