Luxury Promise Overview
- Year Founded
-
2016
- Status
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Private
- Employees
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32
- Latest Deal Type
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Series B
- Latest Deal Amount
-
$14.1M
- Investors
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12
Luxury Promise General Information
Description
Operator of an online marketplace platform intended to evaluate, authenticate, sell, and buy luxury goods and also engage with a global community of buyers and sellers. The company's platform offers global premium luxury goods trading services for handbags, jewelry, watches, and homeware through live-show shopping across the globe, enabling customers all over the world to buy and sell pre-owned luxury items from the comfort of their homes.
Contact Information
Website
www.luxurypromise.comCorporate Office
- 28 Cavendish Square
- London W1G 0DB
- England, United Kingdom
Corporate Office
- 28 Cavendish Square
- London W1G 0DB
- England, United Kingdom
Luxury Promise Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Later Stage VC (Series B) | 03-Feb-2022 | $14.1M | Completed | Generating Revenue | ||
| 4. Early Stage VC (Series A) | 22-Apr-2020 | Completed | Generating Revenue | |||
| 3. Seed Round | 15-Aug-2019 | Completed | Generating Revenue | |||
| 2. Seed Round | 11-Jun-2018 | $563K | $782K | Completed | Generating Revenue | |
| 1. Seed Round | 21-Dec-2016 | $219K | $219K | Completed | Startup |
Luxury Promise Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | ||||||||
| B Ordinary | ||||||||
| A Ordinary | ||||||||
| Ordinary | ||||||||
| A Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Ordinary | 185,000 | $0.000001 | $0.37 | $0.37 | 1x | $0.37 | 2.15% | |
| Ordinary | 298,000 | $0.000001 | $0.36 | $0.36 | 1x | $0.36 | 3.46% |
Luxury Promise Comparisons
Industry
Financing
Details
Luxury Promise Competitors (3)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Farfetch | Formerly VC-backed | London, United Kingdom | ||||
| Vestiaire Collective | Venture Capital-Backed | Paris, France | ||||
| The RealReal | Formerly VC-backed | San Francisco, CA |
Luxury Promise Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Luxury Promise Executive Team (3)
| Name | Title | Board Seat |
|---|---|---|
| Sabrina Sadiq | Co-Founder, Chief Executive Officer & Board Member | |
| Adam Sadiq | Co-Founder, Executive Director & Board Member | |
| Laura Chesson | Head of Finance |
Luxury Promise Board Members (3)
| Name | Representing | Role | Since |
|---|---|---|---|
| Adam Sadiq | Luxury Promise | Co-Founder, Executive Director & Board Member | |
| Karen McCormick | Beringea | Board Member | |
| Sabrina Sadiq | Luxury Promise | Co-Founder, Chief Executive Officer & Board Member |
Luxury Promise Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Luxury Promise Investors (12)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Chryseis Tan | Angel (individual) | Minority | ||
| Compagnie Financiere Richemont | Corporation | Minority | ||
| Falnas Capital | Venture Capital | Minority | ||
| Francois Delage | Angel (individual) | Minority | ||
| Lena Tan | Angel (individual) | Minority |
Luxury Promise FAQs
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When was Luxury Promise founded?
Luxury Promise was founded in 2016.
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Who is the founder of Luxury Promise?
Sabrina Sadiq and Adam Sadiq are the founders of Luxury Promise.
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Who is the CEO of Luxury Promise?
Sabrina Sadiq is the CEO of Luxury Promise.
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Where is Luxury Promise headquartered?
Luxury Promise is headquartered in London, United Kingdom.
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What is the size of Luxury Promise?
Luxury Promise has 32 total employees.
-
What industry is Luxury Promise in?
Luxury Promise’s primary industry is Internet Retail.
-
Is Luxury Promise a private or public company?
Luxury Promise is a Private company.
-
What is the current valuation of Luxury Promise?
The current valuation of Luxury Promise is .
-
What is Luxury Promise’s current revenue?
The current revenue for Luxury Promise is .
-
How much funding has Luxury Promise raised over time?
Luxury Promise has raised $18.5M.
-
Who are Luxury Promise’s investors?
Chryseis Tan, Compagnie Financiere Richemont, Falnas Capital, Francois Delage, and Lena Tan are 5 of 12 investors who have invested in Luxury Promise.
-
Who are Luxury Promise’s competitors?
Farfetch, Vestiaire Collective, and The RealReal are competitors of Luxury Promise.
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