About The Grommet
The Grommet is a company based in Somerville (United States) founded in 2008 was acquired by Ace Hardware in October 2017. The Grommet has raised $4.02 million across 6 funding rounds from investors including Rakuten and Ace Hardware. The Grommet operates in a competitive market with competitors including Faire, Evergreen Enterprises, Kinnek, BuyerZone and Burrill and Company, among others.
- Headquarter Somerville, United States
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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
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$4.02 M (USD)
in 6 rounds
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Latest Funding Round
Not available
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Investors
Rakuten
& 1 more
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Employee Count
Not available
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Acquired by
Ace Hardware
(Oct 03, 2017)
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People of The Grommet
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Sales and Marketing
20 people
Leadership Team
19 people
Operations Team
14 people
Software Development Team
13 people
Creative and Marketing Team
11 people
Senior Team
10 people
Warehouse Team
7 people
Finance and Accounting
7 people
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Funding Insights of The Grommet
The Grommet has successfully raised a total of $4.02M across 6 strategic funding rounds. 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.
Investors in The Grommet
The Grommet has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Rakuten and Ace Hardware.
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Cashback is provided on multi-category products through an app-based platform.
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Hardware products are retailed through stores and online channels.
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Investor details for The Grommet
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Investments & Acquisitions by The Grommet
Investment portfolio details for The Grommet
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Financial Statements - The Grommet
Detailed financials for The Grommet
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The Grommet Comparisons
Peer comparison for The Grommet
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Competitors of The Grommet
The Grommet 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 Faire, Evergreen Enterprises, Kinnek, BuyerZone and Burrill and Company, among others.
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Multi-category products are supplied to retailers through a B2B marketplace.
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Wholesaler and distributor of home furnishings, sports and fashion accessories
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Online marketplace for B2B products and services is facilitated.
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Multi-category products are listed on an online B2B platform.
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Multi-category products including plumbing and office supplies are distributed electronically.
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Detailed competitors of The Grommet
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Latest news on The Grommet
Complete news archive for The Grommet
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Frequently Asked Questions about The Grommet
The Grommet was founded in 2008 and raised its 1st funding round 2 years after it was founded.
The Grommet is headquartered in Somerville, United States. It is registered at Somerville, Massachusetts, United States.
The Grommet is a funded company, having raised a total of $4.02M across 6 funding rounds to date.
The Grommet is a product launch platform. They find unique, undiscovered products and help them succeed. In 2014 they launched a wholesale platform at thenbsp;White House Maker Fairenbsp;to connect the independent makers with retailers. They go through a few characteristics before launching the products on their platform. First, they ensure that the products are created by true innovators. Second, the makers need to have rich stories to share. Third, they must be built on strong values like preserving a handcraft, solving a problem in a fresh way, creating jobs in a struggling or developing region, building a social or green enterprise, manufacturing in the USA, or inventing new technologies.nbsp;.
The Grommet's top competitors include Faire, Portal and Burrill and Company.
The Grommet has 2 investors. Key investors include Rakuten, and Ace Hardware.