About Lovesac
Lovesac is a company based in Stamford (United States) founded in 1998 by Shawn Nelson.. Lovesac has raised $33 million across 3 funding rounds from investors including Siena Lending Group, Satori Capital and Mistral Equity Partners. The company has 2,050 employees as of January 31, 2024. Lovesac offers products and services including Sactionals, Sacs, and StealthTech. Lovesac operates in a competitive market with competitors including La-Z-Boy, Tommy Bahama, Lalo, Caavo and Arhaus, among others.
- Headquarter Stamford, United States
- Employees 2050 as on 31 Jan, 2024
- Founders Shawn Nelson
- Stage Public
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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 The Lovesac Company
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Annual Revenue
$680.63 M-2.8as on Jan 31, 2024
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Net Profit
$11.56 M-51.57as on Jan 31, 2024
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EBITDA
$28.36 M-33.56as on Jan 31, 2024
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Total Equity Funding
$33 M (USD)
in 3 rounds
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Latest Funding Round
$23 M (USD), Series B
Oct 01, 2017
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Investors
Siena Lending Group
& 2 more
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Employee Count
2050
as on Jan 31, 2024
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IPO & Listings of Lovesac
Lovesac is a publicly listed company on the NASDAQ with ticker symbol LOVE in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Lovesac
Lovesac offers a comprehensive portfolio of products and services, including Sactionals, Sacs, and StealthTech. 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.
Adaptable seating system for customizable home arrangements.
Bean bag-style chairs with Durafoam for lasting relaxation.
Integrated audio and charging features in modular setups.
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Software Development Team
34 people
Leadership Team
23 people
Sales and Marketing
12 people
Product Management Team
11 people
Human Resources and Administration
10 people
Senior Team
9 people
Finance and Accounting
7 people
Operations Team
7 people
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Funding Insights of Lovesac
Lovesac has successfully raised a total of $33M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $23 million completed in October 2017. 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 3
- Last Round Series B — $23.0M
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First Round
First Round
(28 May 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series B - Lovesac | Valuation |
investors |
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| Apr, 2017 | Amount | Series A - Lovesac | Valuation | Satori Capital | |
| May, 2013 | Amount | Debt – Conventional - Lovesac | 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 Lovesac
Lovesac has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Siena Lending Group, Satori Capital and Mistral Equity Partners. 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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Investment firm specializing in private equity, alternatives, and thematic strategies with a focus on long-term value.
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Founded Year | Domain | Location | |
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A diversified investment firm focused on private equity and venture capital.
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Founded Year | Domain | Location | |
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Direct lending is provided to small and mid-market companies.
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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 Lovesac
| 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 - Lovesac
| 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 |
Lovesac Comparisons
Competitors of Lovesac
Lovesac 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, Tommy Bahama, Lalo, Caavo and Arhaus, 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 furniture is manufactured and retailed by La-Z-Boy.
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| domain | founded_year | HQ Location |
Men's and women's apparel, beachwear, and home goods are retailed.
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| domain | founded_year | HQ Location |
Baby and toddler products are designed and sold by Lalo.
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| domain | founded_year | HQ Location |
Private label brand of universal remote controllers
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| domain | founded_year | HQ Location |
Home improvement products including furniture and decor are manufactured.
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| domain | founded_year | HQ Location |
Custom upholstered furniture is manufactured in-house using just-in-time methods.
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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 Lovesac
Frequently Asked Questions about Lovesac
When was Lovesac founded?
Lovesac was founded in 1998 and raised its 1st funding round 15 years after it was founded.
Where is Lovesac located?
Lovesac is headquartered in Stamford, United States. It is registered at Stamford, Connecticut, United States.
Who is the current CEO of Lovesac?
Shawn Nelson is the current CEO of Lovesac. They have also founded this company.
Is Lovesac a funded company?
Lovesac is a funded company, having raised a total of $33M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $7M, raised on May 28, 2013.
How many employees does Lovesac have?
As of Jan 31, 2024, the latest employee count at Lovesac is 2,050.
What is the annual revenue of Lovesac?
Annual revenue of Lovesac is $680.63M as on Jan 31, 2024.
What does Lovesac do?
Lovesac was established in 1998 and is based in Stamford, United States. Modular furniture for residential spaces is produced, with an emphasis on customizable components that allow reconfiguration. Operations encompass design, manufacturing, and retail distribution primarily within the United States. The company operates in the consumer goods sector, focusing on home furnishings that prioritize versatility and durability. Leadership is provided by founder Shawn Nelson as CEO.
Who are the top competitors of Lovesac?
Lovesac's top competitors include Arhaus, La-Z-Boy and Brooklinen.
What products or services does Lovesac offer?
Lovesac offers Sactionals, Sacs, and StealthTech.
Is Lovesac publicly traded?
Yes, Lovesac is publicly traded on NASDAQ under the ticker symbol LOVE.
Who are Lovesac's investors?
Lovesac has 3 investors. Key investors include Siena Lending Group, Satori Capital, and Mistral Equity Partners.
What is Lovesac's ticker symbol?
The ticker symbol of Lovesac is LOVE on NASDAQ.