About Spin
Spin is a company based in Madison (United States) founded in 2020 by Douglas Hof. Spin has raised $1.55 million across 1 funding round. Spin operates in a competitive market with competitors including Limeroad, 21 Buttons, StyleShare, Meilishuo and Polyvore, among others.
- Total Equity Funding$1.55M (USD)
in 1 rounds
- Latest Funding Round$1.55M (USD), Seed
May 2020
Funding Insights of Spin
Spin has successfully raised a total of $1.55M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.55 million completed in May 2020. 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 $1.55M
- Total Rounds 1
- Last Round Seed — $1.55M
- First Round $1.55M
(May 2020)
All 1 funding rounds of Spin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2020 | $1.55M | Seed | – | – | – |
People of Spin
1 people are tracked at Spin (1 in leadership).
| Name | Role | Group |
|---|---|---|
Douglas Hof | Co-Founder & Creative Director | Leadership |
Complete people profiles for Spin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Spin
2 dated milestones of Spin, from founding to its latest funding, stage changes and deals.
- Founded Spin is founded.
- Funding First funding round of $1.5M.
Competitors of Spin
Spin 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 Limeroad, 21 Buttons, StyleShare, Meilishuo and Polyvore, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| limeroad.com | 2012 | Gurugram, India | $51.95M | 11,489 | Online social shopping marketplace for women fashion products | |
| 21buttons.com | 2016 | Barcelona, Spain | $30.17M | – | Online fashion & clothing social shopping platform | |
| styleshare.kr | 2011 | Seoul, South Korea | $23.98M | – | App based community platform for fashion | |
| meilishuo.com | 2009 | Beijing, China | $30M | – | Social shopping platform of fashion products | |
| polyvore.com | 2007 | Mountain View, United States | $22.1M | – | Multi-category fashion products are retailed online by Polyvore. | |
| femaledaily.com | 2007 | Jakarta, Indonesia | $1M | – | Beauty portal for women | |
| smzdm.com | 2010 | Beijing, China | $15.2M | – | Cost-effective products are discovered via content and user reviews. | |
| thenuwardrobe.com | 2018 | London, United Kingdom | $136,209 | 5 | Used clothes are shared through an online community platform. | |
| whering.co.uk | 2020 | London, United Kingdom | – | – | Virtual closet platform is provided for women via subscriptions. |
Detailed competitors of Spin
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- Full competitor set
- Operating metrics
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- Competitive positioning
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Latest news on Spin
Complete news archive for Spin
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- Full article archive
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- Brand-specific news history
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Similar companies to Spin
10 companies that operate in the same segment as Spin (Fashion & Lifestyle E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.08 B | USD 939.4 M | – | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 | |
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 2,420 | |
Subscription-based jewelry is provided by digital-first brand BlueStone. | 2011 | Bengaluru, Karnataka, India | USD 254.97 M | USD 259.64 M | 3,210 | |
Men's fashion apparel is offered online by Bonobos. | 2007 | New York, New York, United States | USD 127.67 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Pre-owned fashion products are sold via an online marketplace. | 2008 | Vilnius, Lithuania | USD 872.04 M | – | – | |
Online rental platform offering multi-category fashion products and accessories | 2009 | New York, New York, United States | USD 326.35 M | USD 306.2 M | 850 | |
Customizable smart lock screen experiences are developed for mobile devices. | 2019 | Bengaluru, Karnataka, India | USD 390 M | – | – |
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Frequently Asked Questions about Spin
Spin was founded in 2020.
Spin is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
Spin is a funded company, having raised a total of $1.55M across 1 funding round to date. The company's 1st funding round was a Seed of $1.55M, raised on May 2020.
Spin was founded in 2020 in Madison, United States, as an online platform in the e-commerce sector focused on fashion and retail. Virtual closets are offered to users for real-time live-streaming and sales to customers, with direct connections to e-commerce carts. A dedicated space is also provided for influencers to engage audiences. Operations are centered on facilitating interactive shopping experiences through digital tools.
Spin's top competitors include Limeroad, 21 Buttons and StyleShare.
Spin operates through Spin Live, Inc..