About The 1916 Company
The 1916 Company is a Retail company based in Bala Cynwyd (United States) founded in 2011 by Justin Reis and Danny Govberg, and was acquired by Govberg Jewelers in December 2015. Pre-owned luxury watches are consigned and authenticated online. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. 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. Its chief executive, as recorded, is Justin Reis. The 1916 Company offers products and services including Luxury Watches, Luxury Jewelry, and Custom Jewelry Design. Its focus areas include Luxury Goods and Watches and Jewelry. Its competitors include The RealReal, Rebag and Stadium Goods; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$165M (USD)
in 2 rounds
- Latest Funding Round$165M (USD), Series D
Nov 2021
- InvestorsRadcliff
& 7 more
- Investments & AcquisitionsChronofy
& 1 more
- Acquired byGovberg Jewelers
(Dec 2015)
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.
Luxury watches are sold from various premium brands.
Luxury jewelry is offered across multiple elegant categories.
Custom jewelry design services are provided to clients.
Apps and channels of The 1916 Company
its YouTube channel The 1916 Company has 223K subscribers and 30 videos.
Videos from The 1916 Company
The most watched videos on The 1916 Company's YouTube channel, The 1916 Company (223K subscribers). Click a video to play it here.
More on The 1916 Company.
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 $165M
- Total Rounds 2
- Last Round Series D — $165M
- Investors Count 7
All 2 funding rounds of The 1916 Company with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2021 | $165M | Series D | – | Radcliff, Spruce House Investment Management | |
| Nov 2017 | Private Equity Round | – | CMIA Capital Partners | – |
8 investors in total: 4 institutional and 4 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A licensed investment firm based in Singapore is operated. | cmia.com | Singapore, Singapore | ||
Capital is compounded by aligning with exceptional owner operators. | radcliffcompanies.com | New York, United States | ||
Offers investment management and financial advisory services in New York. | 2006 | sprucehousecapital.com | New York, United States | |
GA Giannis Antetokounmpo | unknown_c10043bde4b64bbb9 | |||
CP Chris Paul | unknown_e3ece89b41dd4bc5b | |||
DB Devin Booker | unknown_1675cecf071d43d1a | |||
KA Karl Anthony Towns | unknown_10c9d41ee94d4c309 | |||
| govbergwatches.com |
Investor details for The 1916 Company
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People of The 1916 Company
49 people are tracked at The 1916 Company (12 in leadership, 4 in board & advisors, 33 in team).
| Name | Role | Group |
|---|---|---|
Justin Reis | Co-Founder & CEO | Leadership |
Danny Govberg | Co-Founder & Chairman | Leadership |
Karl Edinger | Director Of Product | Leadership |
Tay Liam Wee | Co-Founder | Leadership |
Shannon Beck | Chief of Operations & People | Leadership |
Chris Jones | Chief Product Officer | Leadership |
Herbert Gautschi | VP, Business Operations | Leadership |
David Kaplan | COO | Leadership |
George Mayer | Global Director of Sales | Leadership |
Rafael Sonder | CFO | Leadership |
Melanie Chud | Vice President Of Retail Operations | Leadership |
Alaina Lackman | VP, Client Experience | Leadership |
Leo Liu | Client Advisor | Board & advisors |
Glenn Meijer | Director, Sales | Board & advisors |
Ashley Ford | Advisor | Board & advisors |
Abdulmajeed Alfaifi | Advisor | Board & advisors |
Hans Singer | Senior Client Advisor | Team |
Monica Weitz | Global Client Experience Manager | Team |
Ammar Khadam Aljame | Senior Client Advisor | Team |
Viki Garcia | Client Advisor | Team |
29 more people are available in the full profile.
Complete people profiles for The 1916 Company
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Watch valuation services are provided to businesses via subscription platforms. | chronofy.com | Bala Cynwyd, United States | 2013 | Nov 2018 | •••• | |
Scheduling automation platform and APIs are provided for feature integration. | cronofy.com | Nottingham, United Kingdom | 2013 | Nov 2018 | •••• |
Complete acquisition details for The 1916 Company
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Timeline of The 1916 Company
6 dated milestones of The 1916 Company across 10 years, from founding to its latest funding, stage changes and deals.
Competitors of The 1916 Company
The 1916 Company has 3 listed competitors in our database, 3 of them funded. They include The RealReal, Rebag and Stadium Goods.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| therealreal.com | 2011 | Tiburon, United States | $287.97M | 3,211 | Luxury fashion is resold via an online consignment platform. | |
| rebag.com | 2013 | New York, United States | $105.95M | 129 | Pre-owned luxury handbags are traded via an online marketplace. | |
| stadiumgoods.com | 2015 | New York, United States | $4.6M | 232 | Pre-owned premium sneakers and apparel are consigned and sold. |
Detailed competitors of The 1916 Company
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Top companies in Fashion & Lifestyle E-Commerce
2 companies that operate in the same segment as The 1916 Company (Fashion & Lifestyle E-Commerce) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Men's fashion apparel is offered online by Bonobos. | 2007 | New York, New York, United States | USD 127.67 M | |||
Online rental platform offering multi-category fashion products and accessories | 2009 | New York, New York, United States | USD 326.35 M | USD 306.2 M | 887 |
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Related news about The 1916 Company
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Frequently Asked Questions about The 1916 Company
The 1916 Company was founded in 2011 and raised its 1st funding round 6 years after it was founded.
The 1916 Company is headquartered in Bala Cynwyd, United States. It is registered at Bala Cynwyd, Pennsylvania, United States.
Justin Reis is the CEO of The 1916 Company, as recorded in our data. They have also founded this company.
The 1916 Company is a funded company, having raised a total of $165M across 2 funding rounds to date.
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.
The 1916 Company's top competitors include The RealReal, Rebag and Stadium Goods.
The 1916 Company offers Luxury Watches, Luxury Jewelry, and Custom Jewelry Design.
The 1916 Company has 8 investors. Key investors include Radcliff, Spruce House Investment Management, CMIA Capital Partners, Giannis Antetokounmpo, and Chris Paul.
The 1916 Company operates through The 1916 Company.
Yes. The 1916 Company was acquired by Govberg Jewelers in December 2015.