About Underoutfit
Underoutfit is a company based in Olean (United States) founded in 2020 by Gil Efrati, Steven Castellano, Menny Alon, and Felix Leshno.. Underoutfit has raised $5 million across 1 funding round. Underoutfit offers products and services including Bras, Underwear, Activewear, Tops, and Shapewear. Underoutfit operates in a competitive market with competitors including Adore Me, ThirdLove, Skims, MeUndies and True&Co., among others.
- Headquarter Olean, United States
- Founders Gil Efrati, Steven Castellano, Menny Alon, Felix Leshno
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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
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Feb 15, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Underoutfit
Underoutfit offers a comprehensive portfolio of products and services, including Bras, Underwear, Activewear, Tops, and Shapewear. 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.
Provides support and comfort for women in various styles and sizes.
Offers everyday wear options for comfort and fit preferences.
Designed for physical activities with durable and flexible materials.
Includes casual and functional tops for daily use.
Enhances body shape and provides smoothing effects under garments.
Funding Insights of Underoutfit
Underoutfit has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in February 2024. 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 Series A — $5.0M
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First Round
First Round
(15 Feb 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Underoutfit | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Underoutfit
| 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 - Underoutfit
| 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 |
Underoutfit Comparisons
Competitors of Underoutfit
Underoutfit 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 Adore Me, ThirdLove, Skims, MeUndies and True&Co., 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 |
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| domain | founded_year | HQ Location |
Women's intimates are provided through an internet-first, vertically integrated model.
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| domain | founded_year | HQ Location |
Internet-first brand of innerwear for women
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| domain | founded_year | HQ Location |
Internet-first brand offers inner wears for men and woman
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| domain | founded_year | HQ Location |
Internet-first brand of inner wear for both men and women
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| domain | founded_year | HQ Location |
Online bra fitting and shopping are enabled via proprietary technology.
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| domain | founded_year | HQ Location |
Internet first brand of innerwear for men and women
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Underoutfit
Frequently Asked Questions about Underoutfit
When was Underoutfit founded?
Underoutfit was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Underoutfit located?
Underoutfit is headquartered in Olean, United States. It is registered at Olean, New York, United States.
Who is the current CEO of Underoutfit?
Steven Castellano is the current CEO of Underoutfit. They have also founded this company.
Is Underoutfit a funded company?
Underoutfit is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Feb 15, 2024.
What does Underoutfit do?
Underoutfit was founded in 2020 and is based in Olean, United States. Operations focus on the e-commerce sector for womens innerwear, with products including shapewear, leggings, bras, and underwear. Materials such as nylon and spandex are utilized in manufacturing. The company is led by co-founders including Gil Efrati, Steven Castellano, Menny Alon, Felix Leshno, and co-CEO Daniel Malek.
Who are the top competitors of Underoutfit?
What products or services does Underoutfit offer?
Underoutfit offers Bras, Underwear, Activewear, Tops, and Shapewear.