What is Dering Hall?
Dering Hall operates at the nexus of inspiration and commerce, serving as the premier online destination for interior designers and discerning consumers. The platform showcases exceptional high-end design through meticulously curated listings and original editorial content, featuring the work of leading brands and design firms. Founded by acclaimed designer Steven Gambrel and industry veteran Peter Sallick, Dering Hall addresses a critical need for an efficient way to discover furnishings from a wide array of exclusive sources, positioning itself as an indispensable resource in the luxury interior design market.
How much funding has Dering Hall raised?
Dering Hall has raised a total of $6.8M across 4 funding rounds:
Angel/Seed
$1.4M
Series A
$2.5M
Private Equity
$1.5M
Private Equity
$1.3M
Angel/Seed (2013): $1.4M with participation from Lerer Hippeau Ventures, Hearst, and SoftBank Capital
Series A (2015): $2.5M led by SoftBank Capital and Lerer Hippeau Ventures
Private Equity (2016): $1.5M, investors not publicly disclosed
Private Equity (2017): $1.3M, investors not publicly disclosed
Key Investors in Dering Hall
Lerer Hippeau Ventures
Lerer Hippeau is a venture capital firm focused on investing in innovative startups, particularly in the early stages such as Seed and Pre-Seed rounds. They aim to support founders with great ideas who are willing to tackle challenging problems, fostering long-term success through their expertise as former operators. The firm invests across both enterprise and consumer landscapes, embodying a community spirit reminiscent of New York's audacity and resilience. Their portfolio reflects a commitment to redefining and creating new industry categories.
Hearst
Founded in 1887 and headquartered in New York City, New York, The Hearst Corporation publishes daily and weekly newspapers and magazines. The company also operates television stations and radio stations, and cable networks; and provides information, insights, analytics, and workflow solutions to finance, healthcare, and transportation markets.
SoftBank Capital
Oak Investing specializes in providing investment advice through a structured three-step approach: research, reporting, and simplifying information for investors. Their analysts conduct market research across various segments, which is then reported to Senior Advisors for further analysis. The company aims to present investment insights in straightforward terms that are easily understandable by the average investor. Their services are intended for individuals looking to enhance their investment strategies and make informed financial decisions.
What's next for Dering Hall?
The substantial enterprise-level capital infusion positions Dering Hall for accelerated growth and market expansion. With a recent strategic investment, the company is poised to enhance its digital platform, broaden its curated selection of design products and talent, and potentially expand its editorial reach. This backing suggests a strategic focus on solidifying its leadership in the high-end interior design e-commerce and content space, likely involving further development of its technology infrastructure and strategic partnerships to deepen its connection with both designers and consumers.
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