About SuitShop
SuitShop is a company based in Chicago (United States) founded in 2015 by Diana Ganz and Jeanne Foley.. SuitShop has raised $190 thousand across 1 funding round. SuitShop offers products and services including Men's Suits, Women's Suits, Accessories, and Tuxedos. SuitShop operates in a competitive market with competitors including David Peck, Maids and Men Apparel and Anagrassia, among others.
- Headquarter Chicago, United States
- Founders Diana Ganz, Jeanne Foley
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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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Total Equity Funding
$190 K (USD)
in 1 rounds
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Latest Funding Round
$190 K (USD), Seed
Jun 02, 2017
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Investors
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Employee Count
Employee Count
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Products & Services of SuitShop
SuitShop offers a comprehensive portfolio of products and services, including Men's Suits, Women's Suits, Accessories, and Tuxedos. 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.
Formal suits for men designed for weddings and events.
Suits for women suitable for formal occasions.
Items like ties and shoes to complement formal outfits.
Tuxedos for special events and proms.
Funding Insights of SuitShop
SuitShop has successfully raised a total of $190K through 1 strategic funding round. The most recent funding activity was a Seed round of $190 thousand completed in June 2017. 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 Seed — $190,000
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First Round
First Round
(02 Jun 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Seed - SuitShop | Valuation |
investors |
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| 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 |
Investments & Acquisitions by SuitShop
| 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 - SuitShop
| 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 |
Suitshop Comparisons
Competitors of SuitShop
SuitShop 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 David Peck, Maids and Men Apparel and Anagrassia, 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 |
Runs a direct-to-consumer brand offering wedding apparel for men and women.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand specializing in wedding apparel.
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| domain | founded_year | HQ Location |
Provides custom fashion designs for special occasions and sells sewing materials online.
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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 Suitshop
Frequently Asked Questions about SuitShop
When was SuitShop founded?
SuitShop was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is SuitShop located?
SuitShop is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is SuitShop a funded company?
SuitShop is a funded company, having raised a total of $190K across 1 funding round to date. The company's 1st funding round was a Seed of $190K, raised on Jun 02, 2017.
What does SuitShop do?
SuitShop was established in 2015 in Chicago, United States, as an e-commerce company focused on wedding apparel. Wedding suits and tuxedos for men and women are featured in the catalog, available in multiple colors and styles. Operations are managed entirely online via suitshop.com, with co-founders Diana Ganz and Jeanne Foley leading the venture in the fashion retail sector.
Who are the top competitors of SuitShop?
SuitShop's top competitors include David Peck, Maids and Men Apparel and Anagrassia.
What products or services does SuitShop offer?
SuitShop offers Men's Suits, Women's Suits, Accessories, and Tuxedos.