About The 1916 Company
The 1916 Company is a company based in Bala Cynwyd (United States) founded in 2011 by Justin Reis and Danny Govberg was acquired by Govberg Jewelers in December 2015. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. The 1916 Company has raised $165 million across 2 funding rounds from investors including Radcliff, Spruce House Investment Management and CMIA Capital Partners. The 1916 Company has completed 2 acquisitions, including Chronofy and Cronofy. The 1916 Company offers products and services including Luxury Watches, Luxury Jewelry, and Custom Jewelry Design. The 1916 Company operates in a competitive market with competitors including The RealReal, Vestiaire Collective, Rebag, Stadium Goods and Tradesy, among others.
- Headquarter Bala Cynwyd, United States
- Founders Justin Reis, Danny Govberg
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The 1916 Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$165 M (USD)
in 2 rounds
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Latest Funding Round
$165 M (USD), Series D
Nov 23, 2021
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Investors
Radcliff
& 7 more
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Employee Count
Employee Count
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Investments & Acquisitions
Chronofy
& 1 more
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Acquired by
Govberg Jewelers
(Dec 15, 2015)
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Products & Services of The 1916 Company
The 1916 Company offers a comprehensive portfolio of products and services, including Luxury Watches, Luxury Jewelry, and Custom Jewelry Design. 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.
Luxury watches are sold from various premium brands.
Luxury jewelry is offered across multiple elegant categories.
Custom jewelry design services are provided to clients.
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Funding Insights of The 1916 Company
The 1916 Company has successfully raised a total of $165M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $165 million completed in November 2021. 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 2
- Last Round Series D — $165.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series D - The 1916 Company | Valuation | unknown , Spruce House Investment Management | |
| Nov, 2017 | Amount | Private Equity Round - The 1916 Company | Valuation | CMIA Capital Partners |
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| 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 The 1916 Company
The 1916 Company has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Radcliff, Spruce House Investment Management and CMIA Capital Partners. 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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A licensed investment firm based in Singapore is operated.
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Founded Year | Domain | Location | |
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Capital is compounded by aligning with exceptional owner operators.
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Founded Year | Domain | Location | |
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Offers investment management and financial advisory services in New York.
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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 The 1916 Company
The 1916 Company has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Chronofy and Cronofy. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Watch valuation services are provided to businesses via subscription platforms.
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2013 | ||||
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Scheduling automation platform and APIs are provided for feature integration.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - The 1916 Company
| 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 |
The 1916 Company Comparisons
Competitors of The 1916 Company
The 1916 Company 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 The RealReal, Vestiaire Collective, Rebag, Stadium Goods and Tradesy, 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 |
Luxury fashion is resold via an online consignment platform.
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| domain | founded_year | HQ Location |
Pre-loved luxury fashion is traded via an online consignment marketplace.
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| domain | founded_year | HQ Location |
Pre-owned luxury handbags are traded via an online marketplace.
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| domain | founded_year | HQ Location |
Pre-owned premium sneakers and apparel are consigned and sold.
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| domain | founded_year | HQ Location |
Designer clothing is bought and sold through peer-to-peer online marketplace.
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| domain | founded_year | HQ Location |
Pre-owned authentic luxury handbags are bought, sold, and consigned.
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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 The 1916 Company
Frequently Asked Questions about The 1916 Company
When was The 1916 Company founded?
The 1916 Company was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is The 1916 Company located?
The 1916 Company is headquartered in Bala Cynwyd, United States. It is registered at Bala Cynwyd, Pennsylvania, United States.
Who is the current CEO of The 1916 Company?
Justin Reis is the current CEO of The 1916 Company. They have also founded this company.
Is The 1916 Company a funded company?
The 1916 Company is a funded company, having raised a total of $165M across 2 funding rounds to date.
What does The 1916 Company do?
Luxury watches and jewelry are sold by The 1916 Company, focusing on premium brands like Rolex and Patek Philippe. Operations span retail of new and pre-owned items across various collections. Services such as custom jewelry design and appraisals are provided. The company targets the high-end market with a focus on quality and exclusivity in the luxury goods sector.
Who are the top competitors of The 1916 Company?
The 1916 Company's top competitors include The RealReal, Rebag and Fashionphile.
What products or services does The 1916 Company offer?
The 1916 Company offers Luxury Watches, Luxury Jewelry, and Custom Jewelry Design.
How many acquisitions has The 1916 Company made?
Who are The 1916 Company's investors?
The 1916 Company has 8 investors. Key investors include Radcliff, Spruce House Investment Management, CMIA Capital Partners, Giannis Antetokounmpo, and Chris Paul.