About Lane Venture
Lane Venture is a company based in Hickory (United States) founded in 1972 was acquired by Bassett Furniture in December 2017.. Lane Venture offers products and services including Seating, Tables, and Fabrics. Lane Venture operates in a competitive market with competitors including La-Z-Boy, Arhaus, Lalo, Tommy Bahama and Lovesac, among others.
- Headquarter Hickory, United States
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Sectors
Consumer
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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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Latest Funding Round
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Acquired by
Bassett Furniture
(Dec 18, 2017)
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Products & Services of Lane Venture
Lane Venture offers a comprehensive portfolio of products and services, including Seating, Tables, and Fabrics. 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.
Outdoor seating options for casual luxury living spaces
Various outdoor tables and accessories for home use
Performance fabrics for outdoor upholstery and decor
Funding Insights of Lane Venture
| 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 |
Investors in Lane Venture
Lane Venture has secured backing from 1 investor. Prominent investors backing the company include Bassett Furniture. 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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Home furnishings are manufactured and retailed for various living spaces.
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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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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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Founded Year | Domain | Location |
Investments & Acquisitions by Lane Venture
| 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 - Lane Venture
| 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 |
Lane Venture Comparisons
Competitors of Lane Venture
Lane Venture 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 La-Z-Boy, Arhaus, Lalo, Tommy Bahama and Lovesac, 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 |
Home furniture is manufactured and retailed by La-Z-Boy.
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Home improvement products including furniture and decor are manufactured.
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Baby and toddler products are designed and sold by Lalo.
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Men's and women's apparel, beachwear, and home goods are retailed.
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Modular home furniture is manufactured and distributed by Lovesac.
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| domain | founded_year | HQ Location |
Internet-first brand of home textiles
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lane Venture
Frequently Asked Questions about Lane Venture
When was Lane Venture founded?
Lane Venture was founded in 1972.
Where is Lane Venture located?
Lane Venture is headquartered in Hickory, United States. It is registered at Hickory, North Carolina, United States.
What does Lane Venture do?
Lane Venture was founded in 1972 and is based in Hickory, United States. Operations focus on the manufacturing sector, where outdoor furniture such as seating, tables, and accessories is produced using materials including aluminum, teak, and composite stone. Bespoke fabric options are offered, along with care guides for maintenance. Emphasis is placed on durability and weather resistance through quality materials and processes, serving markets for outdoor living spaces.
Who are the top competitors of Lane Venture?
Lane Venture's top competitors include Arhaus, La-Z-Boy and Brooklinen.
What products or services does Lane Venture offer?
Lane Venture offers Seating, Tables, and Fabrics.
Who are Lane Venture's investors?
Lane Venture has 1 investor. Key investors include Bassett Furniture.