 | |
| Type of business | Watches |
|---|---|
| Founded | June 2013 |
| Headquarters | 5454 Beethoven Street, Los Angeles, California [1] |
| Owner | Movado |
| URL | www |
MVMT Watches Inc. (pronounced "movement") [1] (or simply MVMT) is an American watchmaker that sells quartz watches, [2] as well as sunglasses and other accessories. [1] The company was founded in June 2013 and was acquired by Movado in August 2018.
The word "MVMT" is a play-on-words, denoting both the movement of time and people, as well as the movement component of a watch. [3]
MVMT was co-founded in June 2013 by college dropouts Jake Kassan and Kramer LaPlante. They raised more than $290,000 for MVMT through two crowdfunding campaigns on Indiegogo. [4] [5] [6]
MVMT started selling sunglasses in 2016 [4] and was acquired by watchmaker Movado in August 2018 for over $100 million, possibly reaching $200 million depending on performance. [6] [7]
According to MVMT, in 2017, 88% of their users were under 34 years old and 45% were under 24. [8]
By December 2016, the company had sold over 600,000 watches [4] and was estimated to have sold over 1 million watches by September 2018. [3]
Fossil Group, Inc., is an American fashion designer and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.
Zenith SA is a Swiss luxury watchmaker. The company was started in 1865 by Georges Favre-Jacot in Le Locle in the canton of Neuchâtel and is one of the oldest continuously operating watchmakers. Favre-Jacot invented the concept of "in house movements", believing that only through control of the entire watchmaking process could the highest quality be achieved. Zenith was purchased by LVMH in November 1999, becoming one of several brands in its watch and jewelry division, which includes TAG Heuer and Hublot. Benoit de Clerck is the company's current president and CEO.
Movado is an American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China.
Concord Watch Company is a Swiss luxury goods company that is part of the Movado group, which produces and distributes Movado, Ebel, Coach, and Hugo Boss-branded watches. Founded in 1908, Concord was purchased in 1970 by the North American Watch Company, which also distributed the Piaget and Corum lines of watches. From the late 1970s to the late 1980s, Concord produced luxury quartz watches. Flagship quartz models such as the Concord Centurion and Concord Delirium ranged from $2,000 to $20,000, surpassing the price of base automatic Rolex, Cartier and Omega wristwatches. By the 1990s, Concord watches fell out of style and grew obsolete amidst the rebranding of the company. While the brand still exists today, it never regained its market position nor visibility that it once had.
The Muse is a New York City-based online career platform founded in 2011 by Kathryn Minshew, Alexandra Cavoulacos, and Melissa McCreery.
DigitalOcean Holdings, Inc. is an American multinational technology company and cloud service provider. The company is headquartered in New York City, New York, US, with 15 globally distributed data centers. DigitalOcean provides developers, startups, and SMBs with cloud infrastructure-as-a-service platforms.
Product Hunt is an American website to share and discover new products. It was founded by Ryan Hoover in November 2013.
Mapillary is a service for sharing crowdsourced geotagged photos, developed by remote company Mapillary AB, based in Malmö, Sweden. Mapillary was launched in 2013 and acquired by Meta Platforms, Inc. in 2020. It offers street level imagery similar to Google Street View.
Pluralsight, LLC is an American privately held online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. Founded in 2004 by Aaron Skonnard, Keith Brown, Fritz Onion, and Bill Williams, the company has its headquarters in Draper, Utah. As of July 2018, it uses more than 1,400 subject-matter experts as authors, and offers more than 7,000 courses in its catalog. Since first moving its courses online in 2007, the company has expanded, developing a full enterprise platform, and adding skills assessment modules.
Inverse is an online magazine from Bustle Digital Group, covering topics such as technology, science, and culture for a millennial audience.
Snap Inc. is a technology company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown based in Santa Monica, California. The company developed and maintains technological products and services, namely Snapchat, Spectacles, and Bitmoji. The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, in order to include the Spectacles product under the company name.
YL Ventures is an American-Israeli venture capital firm that specializes in seed stage cybersecurity investments.
inDinero is an accounting software and services company providing accounting and financial software. Founded in 2009 by Jess Mah, Andy Su, and Andrea Barrica, inDinero graduated the startup incubator, Y Combinator in 2010. On May 8, 2018, inDinero acquired San Jose-based firm tempCFO. On February 1, 2019, inDinero acquired a second company, mAccounting, an Indianapolis-based accounting and tax firm.
Bolt Financial Inc. (Bolt) is an American financial technology start-up that provides merchants with software to facilitate one-click online checkouts. It was founded in 2014 in San Francisco.