About Closet Works
Closet Works is a company based in Chicago (United States) founded in 1987 by Mike Carson was acquired by The Container Store in January 2022.. Closet Works offers products and services including Elfa Design System, Pantry Organizers, and Closet Organizers. Closet Works operates in a competitive market with competitors including Absolute Storage Management, StorQuest, ezStorage, Store Space and Red Dot Storage, among others.
- Headquarter Chicago, United States
- Founders Mike Carson
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Sectors
Business Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
The Container Store
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Closet Works
Closet Works offers a comprehensive portfolio of products and services, including Elfa Design System, Pantry Organizers, and Closet Organizers. 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.
Adjustable system for organizing closets, kitchens, and garages efficiently
Tools for arranging food storage and cabinets in home kitchens
Products for managing clothing and accessories in residential spaces
Funding Insights of Closet Works
| 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 Closet Works
Closet Works has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include The Container Store and Pfingsten Partners. 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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Private equity firm partnering with manufacturing, distribution, and business services companies for growth.
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Founded Year | Domain | Location | |
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Provider of storage and organization solutions for home and office environments, offering a range of products including closet systems, kitchen organizers, and storage bins
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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 Closet Works
| 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 |
Financial Statements - Closet Works
| 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 |
Closet Works Comparisons
Competitors of Closet Works
Closet Works 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 Absolute Storage Management, StorQuest, ezStorage, Store Space and Red Dot Storage, 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 |
Provides self-storage units with professional management in various US cities and states.
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| domain | founded_year | HQ Location |
Provides self-storage units for household, business, vehicle, and wine needs worldwide.
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| domain | founded_year | HQ Location |
Residential storage units are rented to customers.
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| domain | founded_year | HQ Location |
Provides self-storage units for individuals and businesses in multiple U.S. cities.
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| domain | founded_year | HQ Location |
Provides comprehensive residential and commercial storage services.
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| domain | founded_year | HQ Location |
Offers comprehensive self-storage solutions.
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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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Frequently Asked Questions about Closet Works
When was Closet Works founded?
Closet Works was founded in 1987.
Where is Closet Works located?
Closet Works is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
What does Closet Works do?
Closet Works was established in 1987 in Chicago, United States, as a provider of closets and storage services. Operations focus on custom design, fabrication, and installation for residential and organizational needs within the local region. Expertise in space optimization is applied through tailored solutions. The company is led by founder Mike Carson and owner Wendy Noble, with activities centered on the home improvement sector.
Who are the top competitors of Closet Works?
Closet Works's top competitors include ezStorage, Beach Box and Absolute Storage Management.
What products or services does Closet Works offer?
Closet Works offers Elfa Design System, Pantry Organizers, and Closet Organizers.
Who are Closet Works's investors?
Closet Works has 2 investors. Key investors include The Container Store, and Pfingsten Partners.