Brooklinen, a Brooklyn, N.Y.-based direct-to-consumer (DTC) accessible-luxury home essentials retailer, received a $50m investment from growth equity investor Summit Partners.
The company intends to use the funds to deepen customer touchpoints, extend physical retail footprint and expand growth across new domestic and international markets.
Founded in 2014 by husband and wife duo, Rich and Vicki Fulop, Brooklinen offers global customers a curated collection of luxury-grade linens at an accessible price-point.
The company has expanded its offerings, adding new categories like loungewear to its product lineup; launching a curated “Spaces by Brooklinen” home goods marketplace, featuring indie brands; and opening its first permanent brick-and-mortar store in Williamsburg, Brooklyn.
FinSMEs
03/03/2020