About Wethenew
Wethenew is a company based in Suresnes (France) founded in 2017.. Wethenew has raised $34.14 million across 2 funding rounds from investors including Chalhoub Group, C4 Ventures and Singular. Wethenew offers products and services including Sneakers, Streetwear, and Accessories. Wethenew operates in a competitive market with competitors including Univers Running, Wolverine Minerals, FAGUO, Nestadio Capital and BASALT Shoes, among others.
- Headquarter Suresnes, France
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.14 M (USD)
in 2 rounds
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Latest Funding Round
$21.95 M (USD), Series B
May 10, 2023
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Investors
Chalhoub Group
& 5 more
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Employee Count
Employee Count
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Products & Services of Wethenew
Wethenew offers a comprehensive portfolio of products and services, including Sneakers, Streetwear, and Accessories. 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.
Authentic branded shoes for online retail
Fashion items like t-shirts and hoodies
Products for maintaining and styling sneakers
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Funding Insights of Wethenew
Wethenew has successfully raised a total of $34.14M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $21.95 million completed in May 2023. 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 B — $21.9M
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First Round
First Round
(31 May 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - Wethenew | Valuation |
investors |
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| May, 2021 | Amount | Series B - Wethenew | Valuation | Singular |
| 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 Wethenew
Wethenew has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Chalhoub Group, C4 Ventures and Singular. 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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Venture capital fund focused on series A stage hardware, future work, commerce, and digital media companies
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are made in European startups.
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Founded Year | Domain | Location | |
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Luxury cosmetics are retailed, distributed, and marketed globally.
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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 Wethenew
| 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 - Wethenew
| 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 |
Wethenew Comparisons
Competitors of Wethenew
Wethenew 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 Univers Running, Wolverine Minerals, FAGUO, Nestadio Capital and BASALT Shoes, 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 |
Online retailing of footwear, accessories, and running gear is provided.
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| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in footwear products.
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| domain | founded_year | HQ Location |
Operates an e-commerce store specializing in footwear for men and women.
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| domain | founded_year | HQ Location |
Manages an e-commerce store selling multi-category footwear for men and women.
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| domain | founded_year | HQ Location |
Manages an e-commerce store for fashion footwear for men, women, and kids.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Wethenew
Frequently Asked Questions about Wethenew
When was Wethenew founded?
Wethenew was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Wethenew located?
Wethenew is headquartered in Suresnes, France. It is registered at Suresnes, Ile-de-france, France.
Is Wethenew a funded company?
Wethenew is a funded company, having raised a total of $34.14M across 2 funding rounds to date. The company's 1st funding round was a Series B of $12.19M, raised on May 31, 2021.
What does Wethenew do?
Wethenew was founded in 2017 and is based in Suresnes, France. Operations focus on online retail within the fashion sector, where sneakers for men and women are provided in various sizes and colors. Streetwear items, including sweatshirts, t-shirts, shorts, pants, and additional apparel, are also offered through the platform to customers across regions.
Who are the top competitors of Wethenew?
Wethenew's top competitors include Univers Running, Wolverine Minerals and FAGUO.
What products or services does Wethenew offer?
Wethenew offers Sneakers, Streetwear, and Accessories.
Who are Wethenew's investors?
Wethenew has 6 investors. Key investors include Chalhoub Group, C4 Ventures, Singular, Christian Jorge, and Gary Anssens.