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
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- Legal Name The 1916 Company
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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
$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
Not available
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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.
Luxury watches are sold from various premium brands.
Luxury jewelry is offered across multiple elegant categories.
Custom jewelry design services are provided to clients.
People of The 1916 Company
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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.
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.
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A licensed investment firm based in Singapore is operated.
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Capital is compounded by aligning with exceptional owner operators.
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Offers investment management and financial advisory services in New York.
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Investor details 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.
Investment portfolio details for The 1916 Company
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| 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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Scheduling automation platform and APIs are provided for feature integration.
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Complete acquisition details for The 1916 Company
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Financial Statements - The 1916 Company
Detailed financials for The 1916 Company
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The 1916 Company Comparisons
Peer comparison for The 1916 Company
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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.
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Luxury fashion is resold via an online consignment platform.
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Pre-loved luxury fashion is traded via an online consignment marketplace.
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Pre-owned luxury handbags are traded via an online marketplace.
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Pre-owned premium sneakers and apparel are consigned and sold.
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Designer clothing is bought and sold through peer-to-peer online marketplace.
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Pre-owned authentic luxury handbags are bought, sold, and consigned.
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Detailed competitors of The 1916 Company
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Latest news on The 1916 Company
Complete news archive for 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 current CEO of The 1916 Company. 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 Fashionphile.
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.