About Floyd
Floyd is a company based in Detroit (United States) founded in 2013 by Alex O'Dell and Kyle Hoff.. Floyd has raised $25 million across 2 funding rounds from investors including La-Z-Boy, JPMorgan Chase and Walden Venture Capital. The company has 59 employees as of December 31, 2022. Floyd offers products and services including The Bed Frame, The Sofa 2.0, The Shelving System, and The Desk System. Floyd operates in a competitive market with competitors including Burrow, Walker Edison, Kimball International, Crate and Barrel and Sauder, among others.
- Headquarter Detroit, United States
- Employees 59 as on 31 Dec, 2022
- Founders Alex O'Dell, Kyle Hoff
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Floyd, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series B
Apr 22, 2021
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Investors
La-Z-Boy
& 4 more
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Employee Count
59
as on Dec 31, 2022
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Products & Services of Floyd
Floyd offers a comprehensive portfolio of products and services, including The Bed Frame, The Sofa 2.0, The Shelving System, and The Desk System. 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.
Modular system for customizable beds that grow with user needs.
Adaptable sofa designed for comfortable and expandable seating.
Modular shelves for organizing home spaces efficiently.
Customizable desks for productive work environments at home.
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Funding Insights of Floyd
Floyd has successfully raised a total of $25M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in April 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 2
- Last Round Series B — $15.0M
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First Round
First Round
(18 Jan 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series B - Floyd | Valuation | Walden Venture Capital | |
| Jan, 2018 | Amount | Series A - Floyd | Valuation | Beringea |
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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 Floyd
Floyd has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include La-Z-Boy, JPMorgan Chase and Walden Venture Capital. 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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Seed and early-stage investments are focused on US companies.
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Founded Year | Domain | Location | |
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Investments are made in growth-stage startups by Beringea.
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Founded Year | Domain | Location | |
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Tech-focused VC firm funding companies in the US
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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 Floyd
| 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 - Floyd
| 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 |
Floyd Comparisons
Competitors of Floyd
Floyd 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 Burrow, Walker Edison, Kimball International, Crate and Barrel and Sauder, 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 |
Home improvement products are provided via an internet-first brand.
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| domain | founded_year | HQ Location |
Ready-to-assemble furniture is manufactured and sold for home categories.
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| domain | founded_year | HQ Location |
Home and office furniture is manufactured and branded.
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| domain | founded_year | HQ Location |
A renowned brand offering furniture, home decor, cookware, dinnerware, and wedding registry services.
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| domain | founded_year | HQ Location |
Manufactures high-quality, ready-to-assemble home furniture 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 Floyd
Frequently Asked Questions about Floyd
When was Floyd founded?
Floyd was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is Floyd located?
Floyd is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Who is the current CEO of Floyd?
Kyle Hoff is the current CEO of Floyd. They have also founded this company.
Is Floyd a funded company?
Floyd is a funded company, having raised a total of $25M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jan 18, 2018.
How many employees does Floyd have?
As of Dec 31, 2022, the latest employee count at Floyd is 59.
What does Floyd do?
Floyd was founded in 2013 and is headquartered in Detroit, United States. Operations focus on the furniture sector as an internet-first brand, where products such as beds, tables, and modular stands are designed and manufactured. These stands enable customers to create customized furniture setups. Sales occur primarily through online channels, with emphasis on modular and assembly-based items.
Who are the top competitors of Floyd?
Floyd's top competitors include Burrow, Walker Edison and Kimball International.
What products or services does Floyd offer?
Floyd offers The Bed Frame, The Sofa 2.0, The Shelving System, and The Desk System.
Who are Floyd's investors?
Floyd has 5 investors. Key investors include La-Z-Boy, JPMorgan Chase, Walden Venture Capital, Beringea, and 14W.