About The Black Tux
The Black Tux is a company based in Santa Monica (United States) founded in 2012. It operates as a Direct-to-Consumer (D2C), and Pay-per-Use / Usage-Based. The Black Tux has raised $67.62 million across 5 funding rounds from investors including Crosscut Ventures, Lerer Hippeau and TZP Group. The company has 337 employees as of December 31, 2022. The Black Tux has completed 1 acquisition, including Marke. The Black Tux offers products and services including Suit and Tuxedo Rentals, Suit and Tuxedo Sales, and Accessories. The Black Tux operates in a competitive market with competitors including Generation Tux, Vow To Be Chic, Union Station, Menguin and SnapSuits, among others.
- Headquarter Santa Monica, United States
- Employees 337 as on 31 Dec, 2022
-
Sectors
RetailMedia & Entertainment
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name The Black Tux
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$67.62 M (USD)
in 5 rounds
-
Latest Funding Round
$30 M (USD), Series C
Mar 09, 2018
-
Investors
Crosscut Ventures
& 9 more
-
Employee Count
337
as on Dec 31, 2022
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of The Black Tux
The Black Tux offers a comprehensive portfolio of products and services, including Suit and Tuxedo Rentals, Suit and Tuxedo Sales, and Accessories. 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.
Suits and tuxedos are rented for various events.
Suits and tuxedos are sold for personal ownership.
Accessories like neckwear and shoes are offered.
Unlock access to complete
Unlock access to complete
Funding Insights of The Black Tux
The Black Tux has successfully raised a total of $67.62M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in March 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 — $30.0M
-
First Round
First Round
(16 Jan 2013)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Series C - The Black Tux | Valuation | TZP Group | |
| Sep, 2015 | Amount | Series B - The Black Tux | Valuation | Stripes | |
| Jan, 2015 | Amount | Series A - The Black Tux | Valuation | First Round Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Black Tux
The Black Tux has secured backing from 10 investors, including venture fund investors. Prominent investors backing the company include Crosscut Ventures, Lerer Hippeau and TZP Group. 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 |
|---|---|---|---|---|
|
Venture capital firm investing in multiple sectors
|
Founded Year | Domain | Location | |
|
Global investments are made in product-led growth companies.
|
Founded Year | Domain | Location | |
|
Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by The Black Tux
The Black Tux has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Marke. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Handcrafted precious jewellery is offered by an internet-first brand.
|
2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - The Black Tux
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Black Tux Comparisons
Competitors of The Black Tux
The Black Tux 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 Generation Tux, Vow To Be Chic, Union Station, Menguin and SnapSuits, 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 |
Tuxedos for men are rented via an online platform.
|
|
| domain | founded_year | HQ Location |
Designer bridesmaid dresses and Little White Dresses are rented online.
|
|
| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in bridesmaids dresses.
|
|
| domain | founded_year | HQ Location |
Men's wedding attire is rented online through a customizable platform.
|
|
| domain | founded_year | HQ Location |
SnapSuits specializes in custom-fit suits tailored for grooms.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on The Black Tux
Frequently Asked Questions about The Black Tux
When was The Black Tux founded?
The Black Tux was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is The Black Tux located?
The Black Tux is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Is The Black Tux a funded company?
The Black Tux is a funded company, having raised a total of $67.62M across 5 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jan 16, 2013.
How many employees does The Black Tux have?
As of Dec 31, 2022, the latest employee count at The Black Tux is 337.
What does The Black Tux do?
Formalwear solutions are offered by The Black Tux, focusing on suits and tuxedos for events like weddings and proms. Rentals and direct purchases are facilitated through online platforms and physical showrooms across the United States. High-quality, tailored clothing is provided for individual and group needs, covering various dress codes and styles. The company operates in the apparel sector, targeting consumers seeking premium menswear for special occasions.
Who are the top competitors of The Black Tux?
The Black Tux's top competitors include Generation Tux, Vow To Be Chic and Menguin.
What products or services does The Black Tux offer?
The Black Tux offers Suit and Tuxedo Rentals, Suit and Tuxedo Sales, and Accessories.
How many acquisitions has The Black Tux made?
The Black Tux has made 1 acquisition, including Marke.
Who are The Black Tux's investors?
The Black Tux has 10 investors. Key investors include Crosscut Ventures, Lerer Hippeau, TZP Group, Stripes, and Menlo Ventures.