About WearWell
WearWell is a company based in Philadelphia (United States) founded in 2017.. WearWell has raised $165 thousand across 2 funding rounds from investors including Ben Franklin Technology Partners. The company has 77 employees as of December 31, 2022. WearWell operates in a competitive market with competitors including Voonik, Stylenook, IStyleYou and Sartorial Rascal, among others.
- Headquarter Philadelphia, United States
- Employees 77 as on 31 Dec, 2022
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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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- Legal Name Wearwell, Inc.
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Annual Revenue
$138.99 K36as on Dec 31, 2020
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Net Profit
$-113.49 K5as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$165 K (USD)
in 2 rounds
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Latest Funding Round
$165 K (USD), Seed
Feb 13, 2020
- Investors
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Employee Count
77
as on Dec 31, 2022
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Funding Insights of WearWell
WearWell has successfully raised a total of $165K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $165 thousand completed in February 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $165,000
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Seed - WearWell | Valuation |
investors |
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| Nov, 2018 | Amount | Seed - WearWell | Valuation | Ben Franklin Technology 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 WearWell
WearWell has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Ben Franklin Technology 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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Technology ecosystem growth is supported in Southeastern Pennsylvania.
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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 WearWell
| 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 - WearWell
| 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 |
Wearwell Comparisons
Competitors of WearWell
WearWell 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 Voonik, Stylenook, IStyleYou and Sartorial Rascal, 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 |
Technology, logistics, and financing solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Online personal styling and shopping service for working women
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| domain | founded_year | HQ Location |
Personal styling advice is delivered via chat with freelance stylists.
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| domain | founded_year | HQ Location |
Provides an online personal styling service to help users select fashion items.
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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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Frequently Asked Questions about WearWell
When was WearWell founded?
WearWell was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is WearWell located?
WearWell is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is WearWell a funded company?
WearWell is a funded company, having raised a total of $165K across 2 funding rounds to date.
How many employees does WearWell have?
As of Dec 31, 2022, the latest employee count at WearWell is 77.
What is the annual revenue of WearWell?
Annual revenue of WearWell is $138.99K as on Dec 31, 2020.
What does WearWell do?
WearWell was founded in 2017 in Philadelphia, United States, within the fashion retail sector. A personalized shopping service is provided, where customer details on style, sizing, and social issues are used by assigned stylists to curate apparel and accessories from brands meeting environmental and labor standards. Items can be kept or returned, and monthly introductions to new conscious brands are included in operations.
Who are the top competitors of WearWell?
Who are WearWell's investors?
WearWell has 1 investor. Key investors include Ben Franklin Technology Partners.