Sequoia China and IDG led a $100m Series A funding round in Miracle Miles.

Sequoia China, a VC firm, and IDG, an investment manager, led a $100m Series A funding round in Miracle Miles, a global footwear technology company. Miracle Miles was established in New York in 2019, and is committed to becoming a leading technology-driven footwear company. It covers the needs of different people by creating a brand matrix, and its brands of fashionable women’s shoes, business men’s shoes and outdoor sports shoes have performed well in the market. Miracle Miles will use the corpus to branch out to the overseas market, it said in a statament.