Koio, a direct-to-consumer leather sneaker brand, picks up $3 million

Retail has been revolutionized over the last decade, with brands like Casper and Warby Parker offering high-quality goods at lower costs simply by selling them through the internet.
Koio, a relatively new high-end sneaker brand, is looking to get in on the new retail wave, and the company has some fresh cash to do it.
Koio has just announced the close of a $3 million Series A funding led by Acton Capital, with participation from Brand Foundry Ventures, Winkelvoss Capital, actor Miles Teller and