Secretlab SG Pte Ltd

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Secretlab SG Pte Ltd - overview

Established

2014

Location

Singapore, -, Singapore

Primary Industry

Consumer Products

About

Secretlab SG Pte Ltd is a Singapore-based company specializing in the design and manufacture of ergonomic gaming chairs and desks, focusing on enhancing user comfort and performance across various environments. Founded in 2014 and headquartered in Singapore, Secretlab SG Pte Ltd is known for its ergonomic gaming solutions. The company was established by Alaric Choo, Ian Ang, Jeff Loh, and Vjin Cheng. It has successfully raised USD 7.


4 mn in its latest funding round on July 11, 2023, totaling USD 7. 4 mn in funding raised historically through 2 deals. Ian Ang currently serves as the CEO. Secretlab specializes in high-quality ergonomic gaming chairs and desks designed to enhance comfort and performance for a variety of users, including gamers, remote workers, and professionals.


Their flagship products, the TITAN Evo series and MAGNUS Pro standing desks, integrate advanced ergonomic design principles to support dynamic movement throughout the day. The TITAN Evo is engineered to adapt to the user's natural posture while providing customizable features such as adjustable armrests, lumbar support, and various aesthetic options. The MAGNUS Pro desk emphasizes functional design with superior cable management and modular accessories. These products cater to a global customer base, including markets in the United States, Europe, and Asia, providing solutions that balance work and play for both individual consumers and businesses.


In the most recent fiscal year, Secretlab generated a revenue of USD 275. 64 mn. Their revenue generation primarily occurs through direct-to-consumer sales via their online platform, ensuring a competitive pricing strategy. The company offers a range of products, including the award-winning TITAN Evo chairs and MAGNUS Pro desks.


Customers can select additional add-ons and accessories, enhancing their purchase experience. The pricing reflects the premium quality of their offerings, aligning with their commitment to durability and ergonomic support. In July 2023, Secretlab SG Pte Ltd raised USD 7. 4 mn in venture funding, which will be utilized to support the development of new products and further expansion into international markets.


The company plans to introduce new ergonomic solutions designed to cater to the evolving needs of its customers. Additionally, Secretlab aims to penetrate new geographic regions, with specific target markets in North America and Europe set for expansion by late 2024.


Current Investors

Heliconia Capital Management

Primary Industry

Consumer Products

Sub Industries

Furniture, Recreational Product Stores, Web Applications, Search Engines

Website

www.secretlab.sg

Verticals

E-commerce

Company Stage

Series A

Total Amount Raised

Subscriber access only

Secretlab SG Pte Ltd - timeline of key events

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Secretlab SG Pte Ltd - financials

Fiscal Year EndedFeb 29, 2020Feb 28, 2021Feb 28, 2022Feb 28, 2023Feb 29, 2024
Revenue (USD)116,030,906367,031,519---
% Revenue Growth (YoY)-216.3%---
EBITDA (USD)20,115,76885,562,217---
Operating Income (USD)19,553,20784,858,985---
Operating Margin16.9%23.1%---
% EBITDA Margin17.3%23.3%---
NET Income (USD)16,414,38069,927,835---
% Net Margin14.1%19.1%---

Secretlab SG Pte Ltd - employee data

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