Summersalt Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Private

  • Employees
  • 111

Employees

  • Latest Deal Type
  • Series B

  • Latest Deal Amount
  • $17.3M

  • Investors
  • 17

Summersalt General Information

Description

Retailer of eco-friendly swimwear intended to offer an alternative to costly designer swimsuits. The company's product range includes cover-ups, swim leggings, and bikinis made using recycled materials that offer protection against sand and sweat and provide chlorine resistance, enabling women to buy swimwear of different shapes and sizes at affordable prices.

Contact Information

Website
www.summersalt.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 201 South Central Avenue
  • Third Floor
  • Saint Louis, MO 63105
  • United States
+1 (314)
Primary Industry
Clothing
Other Industries
Internet Retail
Personal Products
Vertical(s)
E-Commerce, TMT
Corporate Office
  • 201 South Central Avenue
  • Third Floor
  • Saint Louis, MO 63105
  • United States
+1 (314)

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Summersalt Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Early Stage VC (Series B) 20-Dec-2019 $17.3M Completed Generating Revenue
3. Seed Round 17-Oct-2018 Completed Generating Revenue
2. Seed Round 15-Mar-2018 $2M $3.25M Completed Generating Revenue
1. Seed Round 01-Jun-2017 $1.25M $1.25M Completed Startup
To view Summersalt’s complete valuation and funding history, request access »

Summersalt Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B
Series B-1
Series A 1,303,457 $0.001000 $4.72 $4.72 1x $4.72 18.71%
Seed 1,166,949 $0.001000 $1.75 $1.75 1x $1.75 16.89%
To view Summersalt’s complete cap table history, request access »

Summersalt Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Retailer of eco-friendly swimwear intended to offer an alternative to costly designer swimsuits. The company's product r
Clothing
Saint Louis, MO
111 As of 2022

Westlake Village, CA
 

Atlanta, GA
 
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Summersalt Competitors (3)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ruby Ribbon Venture Capital-Backed Westlake Village, CA
Spanx Private Equity-Backed Atlanta, GA
Andie Venture Capital-Backed New York, NY
You’re viewing 3 of 3 competitors. Get the full list »

Summersalt Executive Team (3)

Name Title Board Seat
Lori Coulter Co-Founder, Chief Executive Officer & President
Jane-Ellis Griggs Director of Finance and Vice President of Finance & Operations
Reshma Chattaram Chamberlin Co-Founder, Chief Brand and Digital Officer & Board Member
To view Summersalt’s complete executive team members history, request access »

Summersalt Board Members (2)

Name Representing Role Since
Mark Hasebroock Dundee Venture Capital Board Member
Reshma Chattaram Chamberlin Summersalt Co-Founder, Chief Brand and Digital Officer & Board Member
To view Summersalt’s complete board members history, request access »

Summersalt Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Summersalt Investors (17)

Investor Name Investor Type Holding Investor Since Participating Rounds
Lewis and Clark Capital PE/Buyout Minority
Mercato Partners Growth/Expansion Minority
Plus Capital Venture Capital Minority
Amplifyher Ventures Venture Capital Minority
Bill Rancic Angel (individual) Minority
You’re viewing 5 of 17 investors. Get the full list »

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Summersalt FAQs

  • When was Summersalt founded?

    Summersalt was founded in 2017.

  • Who is the founder of Summersalt?

    Lori Coulter and Reshma Chattaram Chamberlin are the founders of Summersalt.

  • Who is the CEO of Summersalt?

    Lori Coulter is the CEO of Summersalt.

  • Where is Summersalt headquartered?

    Summersalt is headquartered in Saint Louis, MO.

  • What is the size of Summersalt?

    Summersalt has 111 total employees.

  • What industry is Summersalt in?

    Summersalt’s primary industry is Clothing.

  • Is Summersalt a private or public company?

    Summersalt is a Private company.

  • What is the current valuation of Summersalt?

    The current valuation of Summersalt is .

  • What is Summersalt’s current revenue?

    The current revenue for Summersalt is .

  • How much funding has Summersalt raised over time?

    Summersalt has raised $26.6M.

  • Who are Summersalt’s investors?

    Lewis and Clark Capital, Mercato Partners, Plus Capital, Amplifyher Ventures, and Bill Rancic are 5 of 17 investors who have invested in Summersalt.

  • Who are Summersalt’s competitors?

    Ruby Ribbon, Spanx, and Andie are competitors of Summersalt.

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