Plank Hardware

Plank Hardware is a UK-based company that designs and manufactures high-quality hardware products for residential and commercial interior design, enhancing both aesthetic and functional aspects of living spaces. Founded in 2019 in London, UK, Plank Hardware specializes in providing innovative hardware solutions. The company has not undergone any significant pivots and operates independently. The founders, Annie Revill and Thomas Revill, have experience in innovating product design.

Plank Hardware raised GBP 2 million in a Series A funding round on September 13, 2021, led by Beringea Private Equity, bringing the total amount raised to GBP 2 million and the current company valuation to GBP 10. 588 million. Plank Hardware offers a diverse range of high-quality hardware products tailored for interior design projects, including cabinet hardware, lighting fixtures, decorative switches and sockets, taps, and various accessories. Each product is crafted with a focus on durability and style, appealing to both interior designers and homeowners.

The company serves a global market that includes the United Kingdom, Australia, Canada, and several European countries. Operating primarily through a direct-to-consumer sales model, Plank Hardware also caters to professional designers via trade accounts. Products are available online, with price points designed for various budgets; the KEPLER 1G Dimmer Light Switch and PARKER Paintable Double Plug Socket are priced at GBP 46. 95 and GBP 32.

95 respectively. The company engages customers with promotions for first-time subscribers to their newsletter, fostering relationships and encouraging repeat business. Plank Hardware intends to utilize its GBP 2 million funding from the Series A round to expand its team based in Leyton, East London, invest in product design and technology, and enhance sales and marketing efforts. These initiatives will facilitate the launch of new products and support targeted growth in new markets.

The company is actively working on expanding its reach, although specific new product releases and geographic targets have not been detailed.