About Armoire
Armoire is a company based in Seattle (United States) founded in 2016 by Brittany Seabaugh, Ali Driesman, and Zach Owen.. Armoire has raised $12.71 million across 4 funding rounds from investors including Yeganaeh, Ryan Schaffer and Berea Schaffer. Armoire offers products and services including Clothing Subscription Service. Armoire operates in a competitive market with competitors including Vow To Be Chic, Haverdash, Nuuly, Teacher Style Box and Redenim, among others.
- Headquarter Seattle, United States
- Founders Brittany Seabaugh, Ali Driesman, Zach Owen
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$12.71 M (USD)
in 4 rounds
-
Latest Funding Round
$1.2 M (USD), Series A
Nov 28, 2022
-
Investors
Halogen Ventures
& 14 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Armoire
Armoire offers a comprehensive portfolio of products and services, including Clothing Subscription Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for subscribing and renting women's contemporary clothing items online.
Unlock access to complete
Funding Insights of Armoire
Armoire has successfully raised a total of $12.71M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.2 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $1.2M
-
First Round
First Round
(04 Jun 2019)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - Armoire | Valuation |
investors |
|
| Jan, 2021 | Amount | Series A - Armoire | Valuation |
investors |
|
| Nov, 2019 | Amount | Seed - Armoire | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Armoire
Armoire has secured backing from 15 investors, including angel and venture fund investors. Prominent investors backing the company include Yeganaeh, Ryan Schaffer and Berea Schaffer. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage venture capital fund investing in women-led consumer technology companies.
|
Founded Year | Domain | Location | |
|
Y
Yeganaeh |
-
|
Founded Year | Domain | Location |
|
RS
Ryan Schaffer |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Armoire
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Armoire
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Armoire Comparisons
Competitors of Armoire
Armoire operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vow To Be Chic, Haverdash, Nuuly, Teacher Style Box and Redenim, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Designer bridesmaid dresses and Little White Dresses are rented online.
|
|
| domain | founded_year | HQ Location |
Offers monthly subscription service for renting women's everyday fashion clothing.
|
|
| domain | founded_year | HQ Location |
Subscription service for renting clothes from multiple brands monthly.
|
|
| domain | founded_year | HQ Location |
Provides clothing rental subscriptions with curated styles for teachers' daily needs.
|
|
| domain | founded_year | HQ Location |
Platform to rent designer jeans.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Armoire
Frequently Asked Questions about Armoire
When was Armoire founded?
Armoire was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Armoire located?
Armoire is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Armoire?
Ambika Singh is the current CEO of Armoire.
Is Armoire a funded company?
Armoire is a funded company, having raised a total of $12.71M across 4 funding rounds to date. The company's 1st funding round was a Seed of $170K, raised on Jun 04, 2019.
What does Armoire do?
Subscription-based online rental platform offering casual wear for women. Its product catalog includes tops, t-shirts, jeans, shirts, blouses, jumpsuits, denim, jumpsuits, pullovers, sweatshirts, and more. It offers users to take style quizzes, select items from their personalized closet, and rent apparel. In addition, it also offers them to swap apparel. Its app is available on Android and iOS platforms.
Who are the top competitors of Armoire?
Armoire's top competitors include Vow To Be Chic, Redenim and Charlotte's Closet.
What products or services does Armoire offer?
Armoire offers Clothing Subscription Service.
Who are Armoire's investors?
Armoire has 15 investors. Key investors include Yeganaeh, Ryan Schaffer, Berea Schaffer, Pam Dickinson, and Jeremy Ernst.