What is Elico?
ELICO LTD. operates from New York City, specializing in Wall Décor and Framed Art. With over 17 years of experience, the company has established itself as a key supplier to major retailers across the United States and internationally. Elico is recognized for its distinctive designs, superior product quality, competitive pricing, and a strong commitment to customer service. By collaborating with over 15 global publishers, Elico remains at the forefront of art and fashion trends, enabling them to provide customized assortments tailored to specific customer demands. Their in-house design team is adept at creating unique products, incorporating hand embellishments, 3D elements, and gold foil finishes, which are instrumental in helping retail partners attract new clientele and achieve substantial sales.
How much funding has Elico raised?
Elico has raised a total of $415K across 2 funding rounds:
Debt
$150K
Debt
$265K
Debt (2020): $150K with participation from PPP
Debt (2021): $265K led by PPP
Key Investors in Elico
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Elico?
The substantial late-stage funding and recent strategic investment indicate Elico's readiness for accelerated growth and market penetration. This capital infusion is likely to be directed towards enhancing product development, expanding manufacturing capabilities, and strengthening distribution networks. Elico's focus on innovation, evidenced by its in-house design team and global publisher collaborations, positions it well to capitalize on emerging trends in the home décor market. The company's established relationships with major retailers and its reputation for quality and service provide a solid foundation for future expansion and increased market share.
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