About Dwarfs
Dwarfs is a company based in Amsterdam (Netherlands) founded in 2021 by Michiel Van Der Meer and Demian Beenakker was acquired by Olsam in December 2023.. Dwarfs has raised $31.16 million across 2 funding rounds from investors including Olsam, Harlan Capital Partners and Solid Ventures. Dwarfs offers products and services including Online Gift Platform, Candle Holders, and Frying Pans. Dwarfs operates in a competitive market with competitors including Amazon, Wish Shopping, Groupon, bol.com and Wehkamp, among others.
- Headquarter Amsterdam, Netherlands
- Founders Michiel Van Der Meer, Demian Beenakker
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Sectors
Retail
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Phone
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Website
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Social
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Products & Services of Dwarfs
Dwarfs offers a comprehensive portfolio of products and services, including Online Gift Platform, Candle Holders, and Frying Pans. 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 buying gifts and home items directly online
Decorative items for lighting and home enhancement
Cookware for everyday kitchen use and cooking
Funding Insights of Dwarfs
Dwarfs has successfully raised a total of $31.16M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $31.16 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 2
- Last Round Series C — $31.2M
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First Round
First Round
(02 Sep 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Series C - Dwarfs | Valuation |
investors |
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| Sep, 2021 | Amount | Debt – Conventional - Dwarfs | 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 Dwarfs
Dwarfs has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Olsam, Harlan Capital Partners and Solid Ventures. 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 funds are invested in buyouts across key sectors.
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NorthWall Capital is focused on alternative credit solutions in Western Europe.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Dwarfs
| 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 - Dwarfs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Dwarfs Comparisons
Competitors of Dwarfs
Dwarfs 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 Amazon, Wish Shopping, Groupon, bol.com and Wehkamp, 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 |
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| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
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Online marketplace platform offering multi-category consumer products
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| domain | founded_year | HQ Location |
Online marketplace offering deals on multi-category products and services
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| domain | founded_year | HQ Location |
Multi-category products including books and electronics are sold online.
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Multi-category products are retailed online by Wehkamp.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Dwarfs
Frequently Asked Questions about Dwarfs
When was Dwarfs founded?
Dwarfs was founded in 2021.
Where is Dwarfs located?
Dwarfs is headquartered in Amsterdam, Netherlands.
Who is the current CEO of Dwarfs?
Demian Beenakker is the current CEO of Dwarfs. They have also founded this company.
Is Dwarfs a funded company?
Dwarfs is a funded company, having raised a total of $31.16M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $35.5M, raised on Sep 02, 2021.
What does Dwarfs do?
Dwarfs was established in 2021 in Amsterdam, Netherlands, as an e-commerce venture. An online retail platform is maintained, through which a range of consumer goods is distributed, encompassing kitchen appliances, home decor, blankets, dog baskets, pregnancy pillows, trash cans, hammocks, hanging chairs, Christmas presents, and gifts. Operations are led by co-founders Demian Beenakker, serving as CEO, and Michiel Van Der Meer, as COO.
Who are the top competitors of Dwarfs?
Dwarfs's top competitors include Amazon, bol.com and Wish Shopping.
What products or services does Dwarfs offer?
Dwarfs offers Online Gift Platform, Candle Holders, and Frying Pans.
Who are Dwarfs's investors?
Dwarfs has 5 investors. Key investors include Olsam, Harlan Capital Partners, Solid Ventures, Jan Keys De Jager, and NorthWall Capital.
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