About Sofology
Sofology is a company based in Golborne (United Kingdom) founded in 1974 by Brian Tyldesley was acquired by DFS in August 2017.. Sofology has raised $14.64 million across 1 funding round from investors including DFS and BGF. The company has 938 employees as of June 30, 2023. Sofology operates in a competitive market with competitors including MADE.COM, Swoon, La-Z-Boy, eve sleep and Knoll, among others.
- Headquarter Golborne, United Kingdom
- Employees 938 as on 30 Jun, 2023
- Founders Brian Tyldesley
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Sofology Limited
- Date of Incorporation 16 Dec, 1983
- Jurisdiction WARRINGTON, ENGLAND
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Funding Insights of Sofology
Sofology has successfully raised a total of $14.64M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $14.64 million completed in May 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 1
- Last Round Private Equity Round — $14.6M
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First Round
First Round
(04 May 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Private Equity Round - Sofology | 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 Sofology
Sofology has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include DFS and BGF. 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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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Furniture is manufactured and retailed by DFS across the UK.
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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 Sofology
| 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 - Sofology
| 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 |
Sofology Comparisons
Competitors of Sofology
Sofology 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 MADE.COM, Swoon, La-Z-Boy, eve sleep and Knoll, 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 |
Multi-category home improvement products are sold through an internet-first brand.
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| domain | founded_year | HQ Location |
Multi-category home furniture is sold online by Swoon.
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| domain | founded_year | HQ Location |
Home furniture is manufactured and retailed by La-Z-Boy.
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| domain | founded_year | HQ Location |
Mattresses, pillows, and furniture products are provided by eve sleep.
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| domain | founded_year | HQ Location |
Modern furniture for homes and offices is designed and manufactured.
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| domain | founded_year | HQ Location |
Multi-category home improvement products are offered by an internet-first brand.
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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 Sofology
Frequently Asked Questions about Sofology
When was Sofology founded?
Sofology was founded in 1974 and raised its 1st funding round 42 years after it was founded.
Where is Sofology located?
Sofology is headquartered in Golborne, United Kingdom. It is registered at Golborne, Greater Manchester, United Kingdom.
Is Sofology a funded company?
Sofology is a funded company, having raised a total of $14.64M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $14.64M, raised on May 04, 2016.
How many employees does Sofology have?
As of Jun 30, 2023, the latest employee count at Sofology is 938.
What does Sofology do?
Sofology was founded in 1974 by the Tyldesley family in Golborne, England, as a sofa retailer. Operations are conducted via multi-channel approaches, including 33 retail outlets throughout the UK. Four additional stores were established in Preston, Enfield, Dundee, and Cannock since 2014. Annual sales reached 209 million in 2015, with 14.6 million in growth capital secured from the Business Growth Fund in May 2016.
Who are the top competitors of Sofology?
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