
TrilogyGrowth
Çan, Çanakkale, Turkey
Overview
TrilogyGrowth is a early growth stage investment fund focused on a select group of companies that solve consumer needs by creating distinctive products and services with unique brands. They invest in companies that they believe can become strong market share leaders in their respective categories. The fund is led by Managing Partner Joel Silver. TrilogyGrowth’s portfolio includes Indeed Labs, The Red Pin and iStore.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- E-Commerce
- Finance
- Venture Capital
Investment portfolio
- Poppin
Led · Series B · May 2013
Poppin offers colorful, affordable office products and furniture sold direct-to-consumer via its website and through a growing corporate business. Its client roster includes LinkedIn, Rent the Runway, Squarespace, Warby Parker, and the NFL Network, and it serves over 4,000 corporate clients. The company has expanded into wholesale partnerships with national retailers such as The Container Store, Crate & Barrel, Staples, Urban Outfitters, and more than 90 college bookstores, reaching over 1,400 retail locations by back-to-school season. Poppin’s product line includes more than 150 product styles and the team is about 60 people. The company declines to disclose revenue or detailed sales figures. Poppin plans product and site improvements including more user-generated content and enhanced customization and re-ordering features. Poppin operates an e-commerce catalog of design-forward office furniture, accessories, supplies and recently added categories like wall art and lighting. The company serves both consumers and a growing B2B channel, offering free "work stylists" and serving corporate clients including Fab.com, Kate Spade, LinkedIn, Pandora, Rachel Zoe Media Group, SalesForce Marketing Cloud and Warby Parker. On the B2B side the average order size is around $700. Poppin is headquartered in New York with about 32 employees there and roughly half a dozen in China where products are manufactured; it plans to add roughly a dozen more staff by year-end. The company declined to disclose revenue or growth metrics beyond describing performance as "hockey stick"-like. With new funding it plans to expand its product lineup further and move beyond pure e-commerce into brick-and-mortar and other online retail partnerships. Poppin operates an e-commerce store focused on colorful, style-oriented office products and bundles, with site features that let customers browse by color, category, or bundle and use a reordering tool for repeat purchases. The company positions itself to make buying and using office products an extraordinary experience and targets a supposed $300 billion office product market. Poppin plans to expand beyond small supplies into higher-margin furniture and other workplace essentials to boost profitability. The article notes slim margins on items like binders and post-it notes, motivating the move into big-ticket furniture such as desks, chairs, and couches. Co-founder Chris Burch, an investor in Jawbone, PowerMat, and Voss Water, is cited in the coverage. Poppin aims to court large employers that value well-designed, ergonomic office furnishings.
Team
No current team members are available.