About Party City
Party City is a company based in Rockaway (United States) founded in 1986 was acquired by Thomas H Lee Partners in June 2012. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Party City has raised $10 million across 2 funding rounds from investors including Thomas H Lee Partners, NewStar Financial and Cohesive Capital. Party City has completed 6 acquisitions, including Balloonagencies, Franchise Group and Granmark. Party City offers products and services including Party Supplies, Costumes, and Balloons.
- Headquarter Rockaway, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Party City Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Private Equity Round
Sep 10, 2012
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Investors
Thomas H Lee Partners
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Balloonagencies
& 5 more
- Acquired by
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Products & Services of Party City
Party City offers a comprehensive portfolio of products and services, including Party Supplies, Costumes, and Balloons. 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.
Party supplies are offered for various celebrations and events.
Costumes are provided for adults, kids, and pets.
Balloons are sold for birthdays and special occasions.
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Leadership Team
13 people
Software Development Team
5 people
Human Resources and Administration
5 people
District Team
4 people
Product Management Team
4 people
General Team
3 people
Finance and Accounting
3 people
Senior Team
2 people
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Funding Insights of Party City
Party City has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $10 million completed in September 2012. 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 2
- Last Round Private Equity Round — $10.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2012 | Amount | Private Equity Round - Party City | Valuation |
investors |
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| Jun, 2007 | Amount | Debt – Conventional - Party City | 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 Party City
Party City has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Thomas H Lee Partners, NewStar Financial and Cohesive Capital. 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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PE firm invests in the US
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity investments are directed toward traditional industries.
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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 Party City
Party City has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Balloonagencies, Franchise Group and Granmark. 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.
|
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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Diversified consulting services in franchising are offered to clients.
|
2005 | ||||
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Personalized napkins, cups, koozies, and plates are printed and supplied.
|
2003 | ||||
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Multi-category party products are retailed through an online platform.
|
1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Party City
| 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 |
Party City Comparisons
Competitors of Party City
| 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 Party City
When was Party City founded?
Party City was founded in 1986 and raised its 1st funding round 21 years after it was founded.
Where is Party City located?
Party City is headquartered in Rockaway, United States. It is registered at Rockaway, New Jersey, United States.
Is Party City a funded company?
Party City is a funded company, having raised a total of $10M across 2 funding rounds to date.
What does Party City do?
Party City is involved in the retail of party supplies, costumes, and balloons for various celebrations. Operations are focused on providing products for birthdays, Halloween, and other special occasions. The company serves customers through online platforms and physical stores across the United States and Canada. Solutions include themed decorations, tableware, and party favors tailored to diverse event needs.
What products or services does Party City offer?
Party City offers Party Supplies, Costumes, and Balloons.
How many acquisitions has Party City made?
Party City has made 6 acquisitions, including Balloonagencies, Franchise Group, and Granmark.
Who are Party City's investors?
Party City has 4 investors. Key investors include Thomas H Lee Partners, NewStar Financial, Cohesive Capital, and Advent International.