About Thread
Thread is a company based in London (United Kingdom) founded in 2012 was acquired by M&S in December 2022. It operates as a AI-as-a-Service. Thread has raised $15.83 million across 7 funding rounds from investors including Marks & Spencer, H&M and Balderton Capital. The company has 72 employees as of September 30, 2020. Thread offers products and services including Personalized Clothing Recommendations. Thread operates in a competitive market with competitors including Moonsift, Armocromia and Your Choix, among others.
- Headquarter London, United Kingdom
- Employees 72 as on 30 Sep, 2020
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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
*********
- Legal Name Thread Online Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.83 M (USD)
in 7 rounds
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Latest Funding Round
$3.34 M (USD), Debt – Conventional
Apr 09, 2020
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Investors
Marks & Spencer
& 17 more
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Employee Count
72
as on Sep 30, 2020
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Acquired by
M&S
(Dec 01, 2022)
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Products & Services of Thread
Thread offers a comprehensive portfolio of products and services, including Personalized Clothing Recommendations. 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.
Personalized clothing suggestions are provided using AI technology.
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Funding Insights of Thread
Thread has successfully raised a total of $15.83M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.34 million completed in April 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 Total Funding
- Total Rounds 7
- Last Round Debt – Conventional — $3.3M
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First Round
First Round
(01 Jun 2012)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Debt – Conventional - Thread | Valuation |
investors |
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| Nov, 2018 | Amount | Series B - Thread | Valuation |
investors |
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| Oct, 2018 | Amount | Debt – Conventional - Thread | Valuation |
investors |
| 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 Thread
Thread has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Marks & Spencer, H&M and Balderton Capital. 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 finance services, including debt and equity, are provided to capital-backed companies globally.
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Founded Year | Domain | Location | |
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Amery Capital is engaged in entrepreneurial investments and advisory services.
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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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 Thread
| 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 - Thread
| 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 |
Thread Comparisons
Competitors of Thread
Thread 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 Moonsift, Armocromia and Your Choix, 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 |
Personalized fashion items are curated through AI browser extension.
|
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| domain | founded_year | HQ Location |
An app-based platform providing personalized fashion and beauty recommendations.
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| domain | founded_year | HQ Location |
Operates as an online retailer specializing in fashion products with personal shopper services.
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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 Thread
Frequently Asked Questions about Thread
When was Thread founded?
Thread was founded in 2012.
Where is Thread located?
Thread is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Thread a funded company?
Thread is a funded company, having raised a total of $15.83M across 7 funding rounds to date.
How many employees does Thread have?
As of Sep 30, 2020, the latest employee count at Thread is 72.
What does Thread do?
Thread was established to simplify dressing well for men and women through innovative technology. The company was known for combining cutting-edge AI with expert stylists to offer tailored clothing recommendations. Operations were centered in the fashion technology sector, aiming to democratize style. Partnerships, notably with MS, were formed to expand reach. However, independent trading has ceased following the acquisition of Threads technology and brand by Marks Spencer.
Who are the top competitors of Thread?
Thread's top competitors include Moonsift, Armocromia and Your Choix.
What products or services does Thread offer?
Thread offers Personalized Clothing Recommendations.
Who are Thread's investors?
Thread has 18 investors. Key investors include Marks & Spencer, H&M, Balderton Capital, ProVen, and TriplePoint Capital.
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