About Bassett Furniture
Bassett Furniture is a company based in Bassett (United States) founded in 1902.. The company has 1,230 employees as of November 30, 2024. Bassett Furniture has completed 2 acquisitions, including Lane Venture and NoaHome. Bassett Furniture offers products and services including Sofas, Dining Tables, Beds, Accent Pillows, and Rugs. Bassett Furniture operates in a competitive market with competitors including BoConcept, Jonathan Adler, Joybird, Model No. and Wood Specialties, among others.
- Headquarter Bassett, United States
- Employees 1230 as on 30 Nov, 2024
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bassett Furniture Industries, Incorporated
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Annual Revenue
$329.92 M-15.43as on Nov 30, 2024
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Net Profit
$-9.7 M-205.74as on Nov 30, 2024
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EBITDA
$1.8 M-84.17as on Nov 30, 2024
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Latest Funding Round
$82 K (USD), Grant
Jul 22, 2008
- Investors
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Employee Count
1230
as on Nov 30, 2024
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Investments & Acquisitions
Lane Venture
& 1 more
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IPO & Listings of Bassett Furniture
Bassett Furniture is a publicly listed company on the NASDAQ with ticker symbol BSET in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Bassett Furniture
Bassett Furniture offers a comprehensive portfolio of products and services, including Sofas, Dining Tables, Beds, Accent Pillows, and Rugs. 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.
Comfortable furniture for living rooms and relaxation
Tables designed for home dining areas
Sleep solutions including frames and mattresses
Decorative items to enhance room aesthetics
Floor coverings for various room styles
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Funding Insights of Bassett Furniture
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $82,000
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First Round
First Round
(22 Jul 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2008 | Amount | Grant - Bassett Furniture | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bassett Furniture
Bassett Furniture has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include National Science Foundation. 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 |
|---|---|---|---|---|
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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bassett Furniture
Bassett Furniture has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Lane Venture and NoaHome. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Internet first brand offering multi-category home improvement products
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2016 | ||||
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High-end outdoor furniture is designed and manufactured by Lane Venture.
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1972 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bassett Furniture
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bassett Furniture Comparisons
Competitors of Bassett Furniture
Bassett Furniture 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 BoConcept, Jonathan Adler, Joybird, Model No. and Wood Specialties, 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 |
Custom home and office furniture is provided by BoConcept.
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| domain | founded_year | HQ Location |
Custom home furnishings are designed and retailed by Jonathan Adler.
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| domain | founded_year | HQ Location |
Premium customized furniture is manufactured and sold online by Joybird.
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| domain | founded_year | HQ Location |
Brand of custom office & home tables and decor products
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| domain | founded_year | HQ Location |
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bassett Furniture
Frequently Asked Questions about Bassett Furniture
When was Bassett Furniture founded?
Bassett Furniture was founded in 1902 and raised its 1st funding round 106 years after it was founded.
Where is Bassett Furniture located?
Bassett Furniture is headquartered in Bassett, United States. It is registered at Bassett, Virginia, United States.
Who is the current CEO of Bassett Furniture?
Robert H Spilman is the current CEO of Bassett Furniture.
How many employees does Bassett Furniture have?
As of Nov 30, 2024, the latest employee count at Bassett Furniture is 1,230.
What is the annual revenue of Bassett Furniture?
Annual revenue of Bassett Furniture is $329.92M as on Nov 30, 2024.
What does Bassett Furniture do?
Manufacturer and retailer of home furnishings. It designs, produces, and sells a wide variety of furniture for living rooms, dining rooms, bedrooms, and other areas of the home. Product offerings include sofas, sectionals, chairs, tables, beds, dressers, and home décor accessories. The company also provides design services to assist customers in creating their desired home environments. They offer in-store and online shopping options, with services such as swatch ordering and delivery.
Who are the top competitors of Bassett Furniture?
Bassett Furniture's top competitors include BoConcept, Jonathan Adler and Joybird.
What products or services does Bassett Furniture offer?
Bassett Furniture offers Sofas, Dining Tables, Beds, Accent Pillows, and Rugs.
Is Bassett Furniture publicly traded?
Yes, Bassett Furniture is publicly traded on NASDAQ under the ticker symbol BSET.
How many acquisitions has Bassett Furniture made?
Bassett Furniture has made 2 acquisitions, including Lane Venture, and NoaHome.
Who are Bassett Furniture's investors?
Bassett Furniture has 1 investor. Key investors include National Science Foundation.
What is Bassett Furniture's ticker symbol?
The ticker symbol of Bassett Furniture is BSET on NASDAQ.