About Local Threads
Local Threads is a company based in Nunawading (Australia) founded in 2019 by James Adcock.. Local Threads has raised $500 thousand across 1 funding round from investors including Alex Yin, Eric Liam and Qin Ding. Local Threads offers products and services including Ethical Fashion Marketplace, Clothing Products, and Homewares.
- Headquarter Nunawading, Australia
- Founders James Adcock
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$500 K (USD)
in 1 rounds
-
Latest Funding Round
$500 K (USD), Seed
Jul 27, 2022
-
Investors
& 2 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Local Threads
Local Threads offers a comprehensive portfolio of products and services, including Ethical Fashion Marketplace, Clothing Products, and Homewares. 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.
Online platform for buying sustainable clothing and accessories
Range of ethical garments for men, women, and kids
Sustainable home items for eco-conscious consumers
Unlock access to complete
Unlock access to complete
Funding Insights of Local Threads
Local Threads has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in July 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 1
- Last Round Seed — $500,000
-
First Round
First Round
(27 Jul 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Seed - Local Threads | Valuation | Qin Ding |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Local Threads
Local Threads has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Alex Yin, Eric Liam and Qin Ding. 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 |
|---|---|---|---|---|
|
AY
Alex Yin |
-
|
Founded Year | Domain | Location |
|
EL
Eric Liam |
-
|
Founded Year | Domain | Location |
|
QD
Qin Ding |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Local Threads
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Local Threads
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Local Threads Comparisons
Competitors of Local Threads
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Local Threads
When was Local Threads founded?
Local Threads was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Local Threads located?
Local Threads is headquartered in Nunawading, Australia. It is registered at Nunawading, Victoria, Australia.
Is Local Threads a funded company?
Local Threads is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jul 27, 2022.
What does Local Threads do?
Local Threads was founded in 2019 and is based in Nunawading, Australia. An online marketplace is operated, specializing in eco-friendly fashion across multiple categories for men, women, and children. Items such as clothing, footwear, accessories, and select electronics like headphones and chargers are included in the catalog. Operations focus on sustainable product sourcing and e-commerce distribution within the apparel sector.
What products or services does Local Threads offer?
Local Threads offers Ethical Fashion Marketplace, Clothing Products, and Homewares.
Who are Local Threads's investors?
Local Threads has 3 investors. Key investors include Alex Yin, Eric Liam, and Qin Ding.