About Dormify
Dormify is a company based in Rockville (United States) founded in 2011.. Dormify has raised $12.98 million across 5 funding rounds from investors including American Eagle Outfitters and Clerisy. The company has 15 employees as of December 31, 2022. Dormify offers products and services including Bedding, Storage Solutions, Furniture, and Decor Items. Dormify operates in a competitive market with competitors including Caavo, Brooklinen, Miliboo, The Inside and Mud Pie, among others.
- Headquarter Rockville, United States
- Employees 15 as on 31 Dec, 2022
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Dormify, Inc.
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Annual Revenue
$00as on Jul 02, 2013
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Net Profit
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EBITDA
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Total Equity Funding
$12.98 M (USD)
in 5 rounds
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Latest Funding Round
$6.5 M (USD), Series B
Mar 10, 2021
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Investors
American Eagle Outfitters
& 1 more
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Employee Count
15
as on Dec 31, 2022
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Products & Services of Dormify
Dormify offers a comprehensive portfolio of products and services, including Bedding, Storage Solutions, Furniture, and Decor Items. 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.
Collection of comforters, sheets, and pillows for dorm beds
Items for organizing small spaces in dorm rooms
Products like headboards and desks for student living
Wall art and rugs to enhance dorm aesthetics
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Funding Insights of Dormify
Dormify has successfully raised a total of $12.98M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $6.5 million completed in March 2021. 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 5
- Last Round Series B — $6.5M
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First Round
First Round
(12 Jan 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series B - Dormify | Valuation | Clerisy |
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| Jan, 2020 | Amount | Series A - Dormify | Valuation |
investors |
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| Nov, 2018 | Amount | Series A - Dormify | Valuation | American Eagle Outfitters |
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| 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 Dormify
Dormify has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include American Eagle Outfitters and Clerisy. 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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Clerisy is focused on growth equity investments in consumer sectors.
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Founded Year | Domain | Location | |
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Multi-category fashion products for men and women are offered.
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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 Dormify
| 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 - Dormify
| 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 |
Dormify Comparisons
Competitors of Dormify
Dormify 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 Caavo, Brooklinen, Miliboo, The Inside and Mud Pie, 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 |
Private label brand of universal remote controllers
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| domain | founded_year | HQ Location |
Internet-first brand of home textiles
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| domain | founded_year | HQ Location |
Contemporary furniture is manufactured and sold online by Miliboo.
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| domain | founded_year | HQ Location |
Home improvement products are sold via an internet-first customizable brand.
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| domain | founded_year | HQ Location |
Internet fist brand offering multi-category fashion and home improvement products
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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 Dormify
Frequently Asked Questions about Dormify
When was Dormify founded?
Dormify was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Dormify located?
Dormify is headquartered in Rockville, United States. It is registered at Rockville, Maryland, United States.
Is Dormify a funded company?
Dormify is a funded company, having raised a total of $12.98M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.45M, raised on Jan 12, 2012.
How many employees does Dormify have?
As of Dec 31, 2022, the latest employee count at Dormify is 15.
What does Dormify do?
Dormify was founded in 2011 and is headquartered in Rockville, United States. An internet-first model is employed by the company within the home improvement sector. A catalog of products, including bedding essentials, home textiles, furniture, decor items, storage solutions, and bath accessories, is maintained in multiple colors and designs. Operations focus on direct-to-consumer sales through the domain dormify.com.
Who are the top competitors of Dormify?
Dormify's top competitors include Brooklinen, Caavo and The Inside.
What products or services does Dormify offer?
Dormify offers Bedding, Storage Solutions, Furniture, and Decor Items.
Who are Dormify's investors?
Dormify has 2 investors. Key investors include American Eagle Outfitters, and Clerisy.
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