Cladwell

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Cladwell - overview

Established

2012

Location

Cincinnati, OH-Ohio, US

Primary Industry

Internet

About

Cladwell specializes in an AI-driven smart closet app that helps users manage their wardrobe efficiently, providing personalized outfit recommendations based on user preferences and weather conditions. Founded in 2012 in Cincinnati, US, Cladwell offers a digital platform designed to streamline wardrobe management. The app assists users in curating their clothing collections and selecting outfits tailored to their personal style. Cladwell was co-founded by Christopher Merchich, Erin Flynn, and Tim Brunk, with Erin Flynn currently serving as CEO.


The company has completed five funding transactions, raising a total of USD 1. 00 mn, with the most recent funding event occurring on April 25, 2017. Cladwell primarily offers an AI-driven smart closet app designed to assist users in creating and managing a capsule wardrobe. This digital platform enables users to curate their clothing collections, facilitating effortless outfit selection tailored to individual styles and preferences.


The app functions by analyzing users’ existing clothing items, providing daily outfit recommendations based on personal preferences and weather forecasts. Cladwell's target audience includes individuals looking to simplify their daily wardrobe choices, enhance their personal style, and reduce wardrobe clutter, notably appealing to environmentally conscious consumers who are seeking sustainable fashion solutions. The app is available across various geographical markets, including the United States, Canada, and select European countries, catering to a diverse user base. Cladwell generates revenue primarily through a subscription model for its app, which offers users access to premium features and personalized styling services.


The company engages in direct-to-consumer transactions, allowing users to subscribe on a monthly or annual basis, thereby establishing a steady revenue stream. Specific pricing plans are tailored to different service tiers, enabling users to choose the level of access that best fits their needs. Cladwell’s flagship service is its AI stylist feature, which enhances the user experience by delivering personalized recommendations and outfit ideas. By focusing on individual consumers rather than B2B partnerships, Cladwell ensures that its revenue model aligns with the growing trend of personalizing digital retail experiences.


Cladwell plans to utilize the USD 1. 00 mn raised in April 2017 to enhance its platform and expand its product offerings. The company is currently developing new features for its app, with a focus on improving user experience and increasing engagement. Additionally, Cladwell aims to penetrate new markets, particularly in Europe and Asia, with a targeted launch in 2024.


These initiatives are designed to support Cladwell's growth strategy and broaden its global footprint.


Current Investors

Queen City Angels, 500 Global, M25

Primary Industry

Internet

Sub Industries

Web Applications

Website

www.cladwell.com

Verticals

Mobile Apps

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Cladwell - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Unspecified RoundCompletedCladwell-
Unspecified RoundCompletedCladwell-
SeedCompletedCladwell-
SeedCompletedCladwell-
Unspecified RoundCompletedCladwell-

Displaying 1 - 5 of 5

Cladwell - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.