Phoenix Footwear Group Inc. announced that it has received $2 million in funding from Greenwood Investments, Inc. and other investors.

On August 18, 2015, Phoenix Footwear Group Inc closed the transaction. The company has issued 4,000,000 common shares at a price of $0.5 per share for gross proceeds of $2,000,000. The transaction included participation from Greenwood Investors Limited Partnership, a fund managed by Greenwood Investments, Inc. As part of the transaction, Greenwood Investors Limited Partnership has subscribed 1,105,600 common shares in the company.