On’s Amazing Product
What happens when a performance runner and an engineer cross paths? A revolutionized sensation of running. On’s award-winning CloudTec® innovation is the first patented cushioning system which is activated only when you need it — during the landing — resulting in better, faster, more effective running and recovery.
Since its inception in 2010, On has been embraced by more than 3 million runners in over 50 countries. Beyond sneakers, the company has expanded into apparel and accessories for high-performance running, outdoor and all-day activities — inspiring humans to explore, discover and dream on.
Starting in 2017, Stripes advised On’s leadership team on team building, international expansion and growing its DTC business through retail and e-commerce. Our HR & Talent Team placed their head of finance and connected the brand with Equinox and Nordstrom for retail partnerships. Our Go-to-Market & Network Team facilitated strategic introductions to support the brand’s international expansion in Asia. Our Investment Team assisted with preparing the company for IPO on NYSE in 2021. By 2021, On grew revenue 7.8x since our initial investment.
The information noted above is representative as of the time noted/January 2023 and has not been updated.