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 K (USD)36as on Dec 31, 2020
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Net Profit
-$113.49 K (USD)5as 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 |
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| 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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Investors in WearWell
WearWell has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Ben Franklin Technology Partners.
| 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 |
Investments & Acquisitions by WearWell
Financial Statements - WearWell
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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Wearwell
Frequently Asked Questions about WearWell
WearWell was founded in 2017 and raised its 1st funding round 1 year after it was founded.
WearWell is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
WearWell is a funded company, having raised a total of $165K across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at WearWell is 77.
Annual revenue of WearWell is $138.99K as on Dec 31, 2020.
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.
WearWell has 1 investor. Key investors include Ben Franklin Technology Partners.