About New Balance
New Balance is a company based in Brighton (United States) founded in 1906 by William J Riley was acquired by BrandMan Retail in November 2021.. New Balance has completed 3 acquisitions, including Brine, Gartner Sports and PF Flyers. New Balance operates in a competitive market with competitors including Nike, Under Armour, PUMA, Lululemon and Vuori, among others.
- Headquarter Brighton, United States
- Founders William J Riley
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Sectors
Retail
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Email
***********
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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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Latest Funding Round
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Investors
Capital Innovators
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Brine
& 2 more
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Acquired by
BrandMan Retail
(Nov 09, 2021)
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Sales and Marketing
179 people
Software Development Team
111 people
Product Management Team
108 people
Senior Team
63 people
Leadership Team
55 people
Operations Team
48 people
Creative and Marketing Team
37 people
Finance and Accounting
30 people
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Funding Insights of New Balance
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Seed - New Balance | 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 New Balance
New Balance has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Capital Innovators and BrandMan Retail. 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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Technology, consumer, and energy startups are accelerated and funded.
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Founded Year | Domain | Location | |
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Retail of apparel, footwear, and accessories in India.
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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 New Balance
New Balance has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Brine, Gartner Sports and PF Flyers. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Sports equipment and apparel are manufactured by Gartner Sports.
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1959 | ||||
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Classic and contemporary footwear is designed and manufactured.
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1937 | ||||
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Lacrosse equipment is manufactured by Brine in the United States.
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1922 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - New Balance
| 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 |
New Balance Comparisons
Competitors of New Balance
New Balance 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 Nike, Under Armour, PUMA, Lululemon and Vuori, 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 |
Sports and outdoor apparel is designed for women and men.
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| domain | founded_year | HQ Location |
Sportswear apparel and accessories are offered for men and women.
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| domain | founded_year | HQ Location |
Multi-sports apparel, footwear, and equipment are provided worldwide by PUMA.
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| domain | founded_year | HQ Location |
Multi-category fashion apparel and accessories are offered online by Lululemon.
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| domain | founded_year | HQ Location |
Internet first brand offering multi category sports wear for men and women
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| domain | founded_year | HQ Location |
Sportswear apparel for men and women is offered online.
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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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| 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 New Balance
Frequently Asked Questions about New Balance
When was New Balance founded?
New Balance was founded in 1906 and raised its 1st funding round 110 years after it was founded.
Where is New Balance located?
New Balance is headquartered in Brighton, United States. It is registered at Brighton, Colorado, United States.
Who is the current CEO of New Balance?
Rob DeMartini is the current CEO of New Balance.
What does New Balance do?
New Balance was established in 1906 by William J. Riley in Brighton, United States, within the casual apparel sector. Operations are centered on an internet-first model, where clothing items for men and women are distributed primarily online. The company is currently led by CEO and President Rob DeMartini. Focus remains on everyday wear, with headquarters maintained in the United States to support global reach through digital platforms.
Who are the top competitors of New Balance?
New Balance's top competitors include Nike, PUMA and Under Armour.
How many acquisitions has New Balance made?
New Balance has made 3 acquisitions, including Brine, Gartner Sports, and PF Flyers.
Who are New Balance's investors?
New Balance has 2 investors. Key investors include Capital Innovators, and BrandMan Retail.