Brooklinen Inc.
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Brooklinen Inc. - overview
Established
2014
Location
Brooklyn, NY, US
Primary Industry
Internet
About
Brooklinen Inc. is a direct-to-consumer company that specializes in premium bedding and bath products, enhancing sleep and bathing experiences with high-quality materials and designs. Brooklinen Inc. was founded in 2014 and is headquartered in Brooklyn, US.
The company focuses on providing luxurious bedding and bath products directly to consumers. Founders Rich Fulop and Vicki Fulop have previously established Brooklinen to address the market need for quality home essentials. The company has raised a total of USD 50. 00 mn in funding, with its latest funding round, Series A, led by Summit Partners on June 30, 2021.
The current company valuation is USD 143. 649 mn. Brooklinen specializes in high-quality bedding and bath products, including bed linens, comforters, pillows, towels, and robes. Their items are made from premium materials such as 100% Certified European Flax™ and organic cotton, catering to consumers seeking comfort and luxury.
Brooklinen generates revenue through direct-to-consumer sales via its online platform. The company's pricing structure includes flagship products like the Luxe Sateen Hardcore Sheet Bundle, priced around USD 284. 54, while also offering promotional codes to enhance customer engagement and sales conversion. In June 2021, Brooklinen received an investment from Freeman Spogli & Co, aimed at developing its direct-to-consumer e-commerce business and expanding its retail and wholesale branches.
The company plans to utilize this funding to accelerate its growth initiatives, although specific new product launches and market expansion details have yet to be disclosed.
Current Investors
Freeman Spogli , Dorm Room Fund, FirstMark Capital
Primary Industry
Internet
Sub Industries
Internet
Website
www.brooklinen.com
Verticals
E-commerce
Total Amount Raised
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Brooklinen Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Brooklinen Inc. | - |
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