Hobbii A/S
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Hobbii A/S - overview
Established
2015
Location
Copenhagen, NV, Denmark
Primary Industry
Consumer Products
About
Based in Copenhagen, Denmark, and founded in year 2015, Hobbi A/S operates as a manufacturer and seller of yarn, crochet hooks, knitting needles, and accessories. The company was Co-founded by Jonas and Jens Reimer Olesen. In April 2022, Verdane Capital Advisors acquired Hobbii A/S. As of 2021, the company has shipped more than 1.
5 million parcels and as of 2022, the company has opened 8 retail stores across Denmark and Germany. The company offers different types of yarns which include Bamboo yarn, acrylic yarn, cotton yarn, silk yarn, wool, etc. and it also offers free patterns on its portal for crochet and knitting. The company has various crochet hooks on offer which includes crocket hook sets, ergonomic crochet hooks, and Tunisian crochet.
It also has different knitting needles on offer along with a wide range of accessories which includes accessories like beads, buttons, thimble, rivets, and accessories for bags, baskets, clothes, etc. The company has a wide product range on offer and the price range of yarn offered by the company ranges from EUR 1 to EUR 55, patterns are offered for free whereas the crochet hooks offered by the firm would cost between EUR 15 to EUR 130, on the other hand, the knitting needles sold on the company’s website costs from EUR 2 to EUR 175. The accessories offered by Hobbii range from EUR 0. 60 to EUR 97.
The company plans to use April 2022, investment to refine its international presence, expand in Germany, the US, and the Nordics, and further enhance its products and platform.
Current Investors
Verdane
Primary Industry
Consumer Products
Sub Industries
Accessories, Textiles
Website
www.hobbii.com
Verticals
E-commerce, Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Hobbii A/S - timeline of key events
Hobbii A/S - financials
| Fiscal Year Ended | Jun 30, 2016 | Jun 30, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - |
| EBITDA (USD) | (960,388) | (272,197) | (1,179,440) | 5,895,374 | 22,646,455 | 31,853,875 | - | - | - |
| Operating Income (USD) | (961,791) | (309,217) | (1,479,099) | 5,083,852 | 20,053,589 | 25,266,133 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - | - |
| NET Income (USD) | (789,076) | (591,651) | (1,612,934) | 2,941,183 | 13,113,802 | 14,628,179 | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - | - |
Hobbii A/S - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Hobbii A/S | - |
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Hobbii A/S - employee data
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