About Ministry of Supply
Ministry of Supply is a company based in Boston (United States) founded in 2010.. Ministry of Supply has raised $8.94 million across 7 funding rounds from investors including VTF Capital, SK Ventures and MassChallenge. The company has 12 employees as of December 31, 2024. Ministry of Supply offers products and services including Apollo Shirt, Kinetic Fabric, AeroZero Fabric, and Velocity Suiting. Ministry of Supply operates in a competitive market with competitors including Ramblers Way and Lilikoi Wear, among others.
- Headquarter Boston, United States
- Employees 12 as on 31 Dec, 2024
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.94 M (USD)
in 7 rounds
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Latest Funding Round
$2.5 M (USD), Debt – Conventional
Jul 27, 2016
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Investors
VTF Capital
& 2 more
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Employee Count
12
as on Dec 31, 2024
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Products & Services of Ministry of Supply
Ministry of Supply offers a comprehensive portfolio of products and services, including Apollo Shirt, Kinetic Fabric, AeroZero Fabric, and Velocity Suiting. 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.
Breathable shirt with NASA-based temperature regulation for daily wear.
Stretchable material offering superior recovery and comfort in clothing.
Recycled fabric designed for wrinkle resistance and easy maintenance.
Machine-washable suits providing stretch and odor reduction for work.
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Leadership Team
4 people
Product Management Team
1 people
Founding Team
1 people
Customer Team
1 people
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Funding Insights of Ministry of Supply
Ministry of Supply has successfully raised a total of $8.94M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.5 million completed in July 2016. 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 7
- Last Round Debt – Conventional — $2.5M
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First Round
First Round
(01 Oct 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Debt – Conventional - Ministry of Supply | Valuation |
investors |
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| Jun, 2016 | Amount | Series A - Ministry of Supply | Valuation |
investors |
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| Jun, 2015 | Amount | Series A - Ministry of Supply | Valuation |
investors |
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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 Ministry of Supply
Ministry of Supply has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include VTF Capital, SK Ventures and MassChallenge. 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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Pre-seed and seed stage investments are targeted by VTF Capital.
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Founded Year | Domain | Location | |
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Seed-stage US companies are invested in by SK Ventures.
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Founded Year | Domain | Location | |
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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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 Ministry of Supply
| 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 - Ministry of Supply
| 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 |
Ministry Of Supply Comparisons
Competitors of Ministry of Supply
Ministry of Supply 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 Ramblers Way and Lilikoi Wear, 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 |
Sustainable wool apparel is manufactured and retailed by Ramblers Way.
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| domain | founded_year | HQ Location |
Provides UV-protective activewear, resort wear, and online sales globally.
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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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Frequently Asked Questions about Ministry of Supply
When was Ministry of Supply founded?
Ministry of Supply was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Ministry of Supply located?
Ministry of Supply is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Ministry of Supply a funded company?
Ministry of Supply is a funded company, having raised a total of $8.94M across 7 funding rounds to date. The company's 1st funding round was a Series A of $1.03M, raised on Oct 01, 2012.
How many employees does Ministry of Supply have?
As of Dec 31, 2024, the latest employee count at Ministry of Supply is 12.
What does Ministry of Supply do?
Ministry of Supply was founded in 2010 in Boston, United States. Operations are focused on the apparel sector, with an internet-first model for distributing casual clothing. Products including shirts, blazers, trousers, suits, and dresses are featured in the catalog. Stretch fabric is utilized, which is designed to be wrinkle-free, water-repellent, and capable of pulling moisture away from the body. The domain ministryofsupply.com is used for online sales.
Who are the top competitors of Ministry of Supply?
Ministry of Supply's top competitors include Ramblers Way and Lilikoi Wear.
What products or services does Ministry of Supply offer?
Ministry of Supply offers Apollo Shirt, Kinetic Fabric, AeroZero Fabric, and Velocity Suiting.
Who are Ministry of Supply's investors?
Ministry of Supply has 3 investors. Key investors include VTF Capital, SK Ventures, and MassChallenge.