Brilliant Earth (BRLT)

Brilliant Earth (BRLT)

Closed: Sep. 2021

About this raise

Brilliant Earth, with an expected public valuation of approximately $1.1 billion, is going public September 23, 2021. The company is a digital-first jewelry company that sells ethically-sourced fine jewelry direct-to-consumer and through retail showrooms. Brilliant Earth was founded by Beth Gerstein and Eric Grossberg in 2005. The digital0first jewelry company will trade under the ticker "BRLT" on the Nasdaq and is offering over 19 million shares at a price range of $14 - $16.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Robinhood
IPO Date
09/23/2021
Method of Going Public
IPO
Expected Public Exchange
Nasdaq
Price Range
$14 - $16
Security Type

Equity - Common

Company Stage

IPO Stage

SEC Filing Type

S-1    Open SEC Filing

IPO Valuation

$1.1B

IPO Lead Underwriter

J.P. Morgan, Credit Suisse, Jefferies, Cowen

# of Acquisitions

0

Company & Team

Company

Year Founded
2005
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
San Francisco, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
300
Prior Founder Exits?
No
Founder Name
Beth Gerstein
Title
CEO
Founder Name
Eric Grossberg
Title
Executive Chairman

Funding data not publicly available

Financials

 Revenue +25% YoY
$251,820,000
 Monthly Burn
Profitable
 Cash on Hand
$0

Income Statement

Revenue

$251,820,000

Operating Expenses

Research/Technology & Development

$0

Sales & Marketing

$85,710,000

General & Administrative

$0

Total Operating Expenses

$0

Operating Income

$0

Other Income, Net

$0

Income (Loss) Before Provision For (Benefit From) Income Taxes

$0

Provision For (Benefit From) Income Taxes

$0

Net Income (Loss)

$21,576,000

 

Net Income (Loss) Attributable to Common Stockholders:

Basic

$0.00

Diluted

$0.00

Net Income (Loss) Per Share Attributable to Common Stockholders:

Basic

$0.00

Diluted

$0.00

Weighted-Average Shares of Common Stock Used For Pro Forma:

Basic

0

Diluted

0

Balance Sheet - Assets

Current Assets

Cash and Cash Equivalents

$66,269

Accounts Receivable

$0

Total Current Assets

$82,972,000

Property and Equipment, Net

$1,986,000

Goodwill

$0

Intangible Assets, Net

$0

Restricted Cash

$205

Other Assets

$258,000

Total Assets

$85,216,000

Balance Sheet - Liabilities

Current Liabilities

Accounts Payable

$10,972,000

Accrued Expenses

$0

Other Current Liabilities

$16,961,000

Total Current Liabilities

$38,708,000

Total Liabilities

$104,284,000

Commitments and Contingencies

Convertible Preferred Stock

$66,327,000

Stockholders' (deficit) Equity

Common Stock

$0

Additional Paid In Capital

$0

Accumulated Other Comprehensive Income (Loss)

$0

Total Stockholders' (Deficit) Equity

$-85,395,000

Statements of Cash Flows

Cash Flows from Operating Activites

Net Cash Provided By (Used In) Operating Activities

$26,723,000

Cash Flows from Investing Activites

Net Cash Provided By (Used In) Investing Activities

$-584,000

Cash Flows from Financing Activites

Net Cash Provided By (Used In) Financing Activities

$-263,000

Total Cash, Cash Equivalents, and Restricted Cash

$66,474,000

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/23/2021 Robinhood $1,100,000,000 - Equity - Common Public S-1
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Brilliant Earth IPO 2021: A Startup Investor’s Guide
Platform: Robinhood
Security Type: Equity - Common
Valuation: $1,100,000,000

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