What is Perdues?
Perdues is a seasoned player in the furniture manufacturing industry, boasting over 50 years of experience in designing and producing affordable, well-crafted furniture for both retail and hospitality clients. Operating from a substantial 210,000 sq.ft. factory in Rapid City, South Dakota, the company maintains comprehensive control over its production, assembly, and delivery processes. This vertical integration allows Perdue to consistently deliver quality house-made goods to hotel owners, emphasizing timely and budget-friendly solutions. Their commitment to a diverse range of furniture styles and price points has solidified their reputation as a trusted provider.
How much funding has Perdues raised?
Perdues has raised a total of $1.3M across 2 funding rounds:
Debt
$350K
Debt
$934K
Debt (2020): $350K with participation from PPP
Debt (2021): $934K led by PPP
Key Investors in Perdues
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Perdues?
The recent major strategic investment signals a pivotal moment for Perdues, likely enabling further expansion of its manufacturing capabilities, product line development, or market penetration. Given its extensive history and focus on operational efficiency, this capital infusion is expected to bolster its competitive edge in providing cost-effective, quality furniture solutions to the hospitality and retail sectors. The company appears poised for continued growth and innovation, leveraging its established infrastructure and market understanding.
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