Draper James, LLC
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Draper James, LLC - overview
Established
2015
Location
New York, NY, US
Primary Industry
Retail
About
Draper James, based in the US, operates as a fashion brand specializing in classic American apparel and accessories infused with Southern charm. The company aims to offer timeless styles that appeal to a diverse clientele. Draper James is a fashion company that offers a range of classic American clothing and accessories. Founded in 2015 and headquartered in New York, US, the company has completed 2 deals to date, with the most recent deal occurring on September 7, 2023, involving a Series B funding round of USD 10.
00 mn led by Forerunner Ventures. Total funding raised by Draper James amounts to USD 10. 00 mn. Erin Moennich serves as the CEO of the company.
Draper James specializes in a range of apparel and accessories that embody classic American style with a distinct Southern charm. The core product offerings include a variety of dresses—floral, mini, and midi—as well as swimwear options such as bikinis, tankinis, and one-pieces, complemented by stylish cover-ups. Other product categories feature footwear, including heels, sandals, and espadrilles, in addition to jewelry and home goods. The company aims to provide feminine and timeless designs that cater to customers seeking polished yet effortless styles for various occasions, from casual outings to formal events.
Draper James products are marketed primarily in North America, with an emphasis on reaching consumers who appreciate quality, style, and a touch of whimsy in their fashion choices. Draper James generates revenue through direct-to-consumer sales, focusing on online transactions via their e-commerce platform. Customers purchase items directly from the Draper James website, which features a curated selection of their latest collections and seasonal specials. The pricing structure for their offerings varies by product category, with an emphasis on providing high-quality, stylish items that appeal to a diverse clientele.
Among their flagship products are the signature dresses and swimwear lines, which promote both aesthetic appeal and practicality, such as UPF 50+ sun protection for swimwear. The company also engages with customers through loyalty programs, enhancing customer retention and encouraging repeat purchases through exclusive perks and rewards. In September 2023, Consortium Brand Partners acquired Draper James from its previous investors. This acquisition is intended to support the company in developing new product offerings and expanding internationally.
The company plans to introduce new products in the coming year and explore additional markets outside North America, leveraging the recent funding to facilitate these initiatives.
Current Investors
JH Partners, Forerunner Ventures, Stone Canyon Industries
Primary Industry
Retail
Sub Industries
Footwear, Clothing, Accessories, Clothing Stores
Website
www.draperjames.com
Verticals
E-commerce
Company Stage
Series B
Total Amount Raised
Subscriber access only
Draper James, LLC - 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 | Draper James, LLC | - |
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