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
Locked
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Website
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Social
Locked
- Legal Name Thread Online Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
Personalized clothing suggestions are provided using AI technology.
People of Thread
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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.
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.
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Venture finance services, including debt and equity, are provided to capital-backed companies globally.
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Amery Capital is engaged in entrepreneurial investments and advisory services.
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Multistage venture capital investments are focused on technology sectors.
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Investor details for Thread
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Investments & Acquisitions by Thread
Investment portfolio details for Thread
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Financial Statements - Thread
Detailed financials for Thread
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Thread Comparisons
Peer comparison for Thread
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Personalized fashion items are curated through AI browser extension.
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An app-based platform providing personalized fashion and beauty recommendations.
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Operates as an online retailer specializing in fashion products with personal shopper services.
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Detailed competitors of Thread
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Latest news on Thread
Complete news archive for Thread
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Frequently Asked Questions about Thread
Thread was founded in 2012.
Thread is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Thread is a funded company, having raised a total of $15.83M across 7 funding rounds to date.
As of Sep 30, 2020, the latest employee count at Thread is 72.
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.
Thread's top competitors include Moonsift, Armocromia and Your Choix.
Thread offers Personalized Clothing Recommendations.
Thread has 18 investors. Key investors include Marks & Spencer, H&M, Balderton Capital, ProVen, and TriplePoint Capital.