About ShopSpring
ShopSpring is a company based in New York (United States) founded in 2013 was acquired by ShopRunner in October 2018.. ShopSpring has raised $139.03 million across 5 funding rounds from investors including Fidelity Investments, Compass and LVMH. ShopSpring operates in a competitive market with competitors including Lulus, Touch of Modern, Polyvore, Shoes.com and Fashion Nova, among others.
- Headquarter New York, United States
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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
$139.03 M (USD)
in 5 rounds
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Latest Funding Round
$40 M (USD), Series C
Oct 25, 2018
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Investors
Fidelity Investments
& 11 more
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Employee Count
Employee Count
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Acquired by
ShopRunner
(Oct 25, 2018)
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Funding Insights of ShopSpring
ShopSpring has successfully raised a total of $139.03M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in October 2018. 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 5
- Last Round Series C — $40.0M
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First Round
First Round
(17 Jan 2013)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series C - ShopSpring | Valuation | August Capital |
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| May, 2017 | Amount | Series C - ShopSpring | Valuation | Fidelity Investments | |
| Apr, 2015 | Amount | Series B - ShopSpring | Valuation | BoxGroup |
| 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 ShopSpring
ShopSpring has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Compass and LVMH. 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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Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses.
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Founded Year | Domain | Location | |
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Investing in early-stage tech companies and ideas.
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Founded Year | Domain | Location | |
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Early-stage technology startups are invested in by Thrive Capital.
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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 ShopSpring
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - ShopSpring
| 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 |
Shopspring Comparisons
Competitors of ShopSpring
ShopSpring 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 Lulus, Touch of Modern, Polyvore, Shoes.com and Fashion Nova, 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 |
Online platform for chic and on-trend fashion
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| domain | founded_year | HQ Location |
Online retailer of apparels and fashion accessories
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| domain | founded_year | HQ Location |
Multi-category fashion products are retailed online by Polyvore.
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| domain | founded_year | HQ Location |
Online retailer offering multi-category fashion products for men, women, and kids
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| domain | founded_year | HQ Location |
Online retailer selling affordable clothing, accessories, and beauty items globally.
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| domain | founded_year | HQ Location |
Street wear fashion and clothing retailer
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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 Shopspring
Frequently Asked Questions about ShopSpring
When was ShopSpring founded?
ShopSpring was founded in 2013.
Where is ShopSpring located?
ShopSpring is headquartered in New York, United States. It is registered at New York, New York, United States.
Is ShopSpring a funded company?
ShopSpring is a funded company, having raised a total of $139.03M across 5 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Jan 17, 2013.
What does ShopSpring do?
Spring was founded in 2013 and is based in New York, United States. Operations focus on e-commerce in the fashion sector, where apparel, shoes, jewelry, and accessories from luxury and fast-fashion brands are sold for men, women, and children. Beauty products, lifestyle items, and curated baby care essentials are also included in the catalog, serving a broad consumer base through the online domain shopspring.com.
Who are the top competitors of ShopSpring?
ShopSpring's top competitors include Lulus, Shoes.com and JackThreads.
Who are ShopSpring's investors?
ShopSpring has 12 investors. Key investors include Fidelity Investments, Compass, LVMH, Lerer Hippeau, and ShopRunner.