ThirdLove
Company

Last deal

$12M

Amount

Debt Financing

Stage

17.08.2023

Date

3

all rounds

$80.6M

Total amount

date founded

Financing round

General

About Company
ThirdLove is a leading intimates brand that provides lingerie and underwear to every woman.

Industry

Sector :

Subsector :

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

The company's lingerie comes in many sizes as compared to traditional brands, enabling women of every shape to get their desired underwear size that are free from tight and bad fits. ThirdLove is a female-founded, women’s lifestyle brand that offers elevated essentials including bras, underwear, loungewear and more, all designed by women, for women. The company prioritizes individual goals and development, and has been certified as a Great Place to Work for two years in a row. They acquired Kit Undergarments, a cult favorite intimates brand founded by celebrity stylists Jamie Mizrahi and Simone Harouche, to offer youthful and style-forward designs to a younger demographic. ThirdLove is also the largest donor of women’s undergarments in the United States, donating more than $50 million worth of products to women in need, and supports early-stage companies run by female entrepreneurs of color through their TL Effect program.
Contacts

Phone number

Social url

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Financials

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3

Number of Funding Rounds

$80.6M

Money Raised

Their latest funding was raised on 17.08.2023. Their latest investor Second Avenue Capital Partners. Their latest round Debt Financing

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Second Avenue Capital Partners

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Finance and Credit Services

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Consumer Lending

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Financial Services, Asset Management, Finance

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Co-Investors
Investors
28
3

Number of lead investors

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Number of investors

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Michael Sullivan

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Claire Bennett

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Jason Johnson

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current job

Founders Den
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count Of Investments

6

count Of Exists

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Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Kit Undergarments acquired by ThirdLove

Kit Undergarments acquired by ThirdLove

acquirer

ThirdLove
ThirdLove

date

25.04.2022

type

Acquisition
Kit Undergarments

Kit Undergarments

Kit Undergarments is an online undergarments company that simplifies the process of getting dressed.

Sector

Retailers

Subsector

Apparel Retailers

Keywords

Fashion, E-Commerce, Women

Location

Los Angeles, CA, USA

total rounds

2

total raised

$107.18K

People

Founders
3
Ra'el Cohen
Ra'el Cohen

Ra'el Cohen

Ra’el is the Chief Creative Officer at ThirdLove. Ra’el began her career designing Mervyn’s contemporary lingerie label H&H for the retail giant Target Corp. In her seven years with the company she quickly rose through the ranks from lingerie to junior’s fast fashion, managing a team through the development and design process for the brand. She then caught the entrepreneurial bug and left to launch her own high-end lingerie line, Luv & Honey. Cohen holds an undergraduate degree in Fashion Design from The Fashion Institute of Design & Merchandising.

current job

ThirdLove
ThirdLove

organization founded

1

Ra'el Cohen

David Spector
David Spector

David Spector

David Spector is an entrepreneur. He founded and runs ThirdLove with his wife, Heidi Zak.They received the Entrepreneur of the Year Award 2019 for Northern California. ThirdLove has grown to become the third largest online intimate apparel brand in the US behind VS and Aerie (as ranked by NPD). Before starting the company, David was a partner at Sequoia Capital focusing on e-commerce, analytics, and consumer internet investments. A graduate of Tulane University where he earned his BA and his MBA from MIT Sloan.

current job

ThirdLove
ThirdLove

count Of Investments

14

count Of Exists

2

David Spector

Heidi Zak
Heidi Zak

Heidi Zak

A few years ago, Heidi Zak left Google with the dream of building a new kind of bra company. Fueled by her passion for retail and frustrated with her own experience trying to find a bra that fit, she knew there was opportunity to reinvent the way women get measured and shop for bras. One app and hundreds of great-fitting bras later, they think she might be onto something.

current job

Inc. Magazine
Inc. Magazine

count Of Investments

6

count Of Exists

2

Heidi Zak

Employee Profiles
75

Daniela Lien

Senior digital designer

Annie Chang

Director of fp and a

Sarah Louchart

Manager of growth

Austin Stout

Manager, supply chain systems and processes

Rena Chiu

Growth product manager

Jessica Domina

Senior people operations manager

Emily Hills

Growth marketing manager, online

Jenny Noonan

Senior product manager

Activity

Recent News
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