The people


What they build
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Working at Shoelace
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On the TechTO stage
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About
Shoelace started in 2015 in Toronto as a retargeting product that let e-commerce stores run their own retargeting ad campaigns, going through the Boomtown accelerator in Boulder, Colorado. It grew to over 6,000 users and about 40 staff before the advertising landscape shifted and growth plateaued around 2019. Its founding team, CEO Reza Khadjavi, CTO Alexander Sloan and David Berglas, moved on to found Motion in 2021, while the Shoelace brand continues at shoelace.com as an omni-channel growth-marketing agency for direct-to-consumer brands.
Backers
Raised early venture funding after the Boomtown accelerator, but specific investors and amounts for Shoelace could not be confirmed in sources found. The founders' next company, Motion, later raised a $30M USD Series B led by Inovia Capital in 2024.
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Quick answers
What did Shoelace do?
It launched in 2015 as a self-serve retargeting app that let e-commerce stores run their own retargeting ad campaigns. Today the Shoelace brand runs as an omni-channel growth-marketing agency for direct-to-consumer brands.
What happened to Shoelace and its founders?
Growth plateaued around 2019 as the advertising landscape shifted. The founding team, Reza Khadjavi, Alexander Sloan and David Berglas, went on to found Motion in 2021, which raised a $30M USD Series B in 2024. The Shoelace name still operates as a growth-marketing agency.
Who founded Shoelace?
Reza Khadjavi (CEO), Alexander Sloan (CTO) and David Berglas, who met while working at the Toronto startup Hubba.