About Spanx
Spanx is a company based in Atlanta (United States) founded in 2000 by Sara Blakely was acquired by Blackstone in October 2021.. The company has 187 employees as of December 31, 2022. Spanx offers products and services including Stretch Twill, Activewear, and Intimates. Spanx operates in a competitive market with competitors including ThirdLove, Adore Me, Skims, MeUndies and Savage X Fenty, among others.
- Headquarter Atlanta, United States
- Employees 187 as on 31 Dec, 2022
- Founders Sara Blakely
- Stage Unicorn
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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
Blackstone
& 5 more
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Employee Count
187
as on Dec 31, 2022
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Acquired by
Blackstone
(Oct 20, 2021)
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Products & Services of Spanx
Spanx offers a comprehensive portfolio of products and services, including Stretch Twill, Activewear, and Intimates. 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.
Clothing with 360-degree smoothing panel for gentle compression and stretch.
Performance clothing designed for comfort and everyday activities.
Supportive undergarments focused on fit and body enhancement.
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Software Development Team
32 people
Product Management Team
22 people
Creative and Marketing Team
11 people
Leadership Team
8 people
Senior Team
8 people
Human Resources and Administration
7 people
Finance and Accounting
6 people
Data Analysis and Operations Team
4 people
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Funding Insights of Spanx
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Angel Round - Spanx | Valuation | Oprah Winfrey , Reese Witherspoon |
| 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 Spanx
Spanx has secured backing from 6 investors, including angel and venture fund investors. Prominent investors backing the company include Blackstone, Oprah Winfrey and Reese Witherspoon. 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 firm investing in consumer sectors
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Founded Year | Domain | Location | |
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Early-stage healthy living brands are funded by Able Partners.
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Founded Year | Domain | Location | |
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Diversified investment management is provided across multiple asset classes.
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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 Spanx
| 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 - Spanx
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Spanx Comparisons
Competitors of Spanx
Spanx 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 ThirdLove, Adore Me, Skims, MeUndies and Savage X Fenty, 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 |
Internet-first brand of innerwear for women
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| domain | founded_year | HQ Location |
Women's intimates are provided through an internet-first, vertically integrated model.
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| domain | founded_year | HQ Location |
Internet-first brand offers inner wears for men and woman
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| domain | founded_year | HQ Location |
Internet-first brand of inner wear for both men and women
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| domain | founded_year | HQ Location |
Internet first brand of innerwear for men and women
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| domain | founded_year | HQ Location |
Online bra fitting and shopping are enabled via proprietary technology.
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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 Spanx
Frequently Asked Questions about Spanx
When was Spanx founded?
Spanx was founded in 2000 and raised its 1st funding round 21 years after it was founded.
Where is Spanx located?
Spanx is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
How many employees does Spanx have?
As of Dec 31, 2022, the latest employee count at Spanx is 187.
What does Spanx do?
Spanx was founded in 2000 in Atlanta, United States, as a manufacturer of undergarments including bras, shapewear, hosiery, and leggings for both men and women. Products are distributed through online and offline channels in over 50 countries, with company-owned stores operating across the USA. The brand focuses on apparel solutions within the fashion sector, emphasizing accessibility and variety in its catalog.
Who are the top competitors of Spanx?
What products or services does Spanx offer?
Spanx offers Stretch Twill, Activewear, and Intimates.
Who are Spanx's investors?
Spanx has 6 investors. Key investors include Blackstone, Oprah Winfrey, Reese Witherspoon, Whitney Wolfe Herd, and G9 Ventures.
What is Spanx's valuation?
The valuation of Spanx is $1.2B as of Nov 2021.