Popshop Technologies Inc.
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.
Popshop Technologies Inc. - overview
Established
2016
Location
West Hollywood, CA, US
Primary Industry
Internet
About
Popshop Technologies Inc. is an innovative company that operates a community-focused marketplace, enabling creators to sell unique products in fashion, lifestyle, and culture. Founded in 2016 in West Hollywood, US, Popshop Technologies Inc. operates a platform that facilitates online sales for various creators.
The company was led by its founder, Dan Dan (Danielle) Li, who has a background in entrepreneurship. In August 2023, the company was acquired by CommentSold, Inc. , enhancing its capabilities to integrate with a broader marketplace. The company has completed a total of 5 funding rounds, with the latest being a Series A round in which it raised USD 20.
00 mn, bringing the total amount raised to USD 20. 00 mn. The latest round was led by Benchmark and included investors such as Abstract Ventures, Access Industries, Floodgate, Long Journey Ventures, Mantis, SV Angel, and TQ Ventures, valuing the company at USD 100. 00 mn.
Popshop Technologies specializes in a diverse range of products including fashion apparel, accessories, and home decor items that cater to fashion-forward consumers interested in contemporary and whimsical styles. Their offerings appeal mainly to young adults and teenagers, with products designed for personal style enhancement, gifting, and home beautification. The company's products are available in major markets such as North America, Europe, and parts of Asia, addressing the demand for trendy and culturally relevant items. Revenue is generated primarily through direct-to-consumer sales via their online platform.
Customers select products and complete purchases through a secure checkout process. The pricing is competitive within the fashion and lifestyle sectors, accommodating a variety of consumer budgets. Revenue channels include sales from seasonal collections and collaborations with influencers, contributing to brand visibility and customer engagement. Following the recent acquisition by CommentSold, Inc.
in August 2023, Popshop Technologies Inc. aims to leverage its integration into a community-driven marketplace to enhance the platforms for creators. Future growth initiatives will include the design and launch of new products, although specific release dates have not been disclosed. The acquisition is expected to catalyze growth and expand Popshop's reach into new markets and geographic regions.
Current Investors
CommentSold, Inc., Floodgate, CRCM
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Music & Video Streaming Software, Conferencing Software
Website
www.popshop.live
Verticals
E-commerce, Mobile Apps, Social Media
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Popshop Technologies 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Popshop Technologies Inc. | - |
Displaying 1 - 1 of 1
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.