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Day Owl

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Day Owl: Backpacks for Sustainable Days. Made with Recycled Plastic

Pittsburgh, United StatesFounded 2020eCommerce & Marketplaces
Valuation $100–250M Last recorded · 2018
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Day Owl and the history behind them.

About Day Owl

Day Owl is a direct-to-consumer brand specializing in backpacks and accessories with a business model deeply rooted in social and environmental responsibility. The company operates as a certified B Corporation, signifying its commitment to high standards of social and environmental performance. Day Owl's business is built on the principle of a circular economy; it manufactures products from recycled, landfill-bound materials and provides repair and refurbishment services to extend the life of its bags.

The company was founded as a brand under Thread International by Ian Rosenberger in 2020. The idea originated from Rosenberger's experiences in Haiti following the 2010 earthquake. Witnessing extensive poverty and waste, he conceived the idea of converting plastic trash into fabric, which would in turn create jobs. This led to the creation of Thread International in 2011, which evolved into First Mile®, Day Owl's sister organization. First Mile® establishes and formalizes waste collection networks in low-income communities, providing a transparent supply chain for global brands. Rosenberger's background as a former contestant on the TV show *Survivor* and his work as a producer gave him insights into the power of storytelling to drive action, which he applied to his entrepreneurial ventures.

Day Owl's primary product is its backpack, designed for everyday use with a minimalist aesthetic suitable for both professional and casual settings. The backpacks are constructed from First Mile® waxed canvas, a durable and weather-resistant fabric made from 100% recycled post-consumer plastic bottles. Key features of the backpacks include a padded laptop compartment, a spill-resistant water bottle pocket, and various organizational pockets for smaller items. The company also offers a take-back program, allowing customers to send in old backpacks—from any brand—to be repaired, recycled, or responsibly disposed of. Revenue is generated through the direct sale of its products, which include backpacks in various sizes, pouches, and totes.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2020
Headquarters
Pittsburgh, United States
Employees
5
Open positions
None listed
Dealroom signal
31.7/100
Industry
Fashion
Sector
eCommerce & Marketplaces, Recycling, Waste Reduction, Sustainable Development Goals, Climate Tech, Circular Economy
Business model
Marketplace & ecommerce
Client focus
b2c

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Mar 2023 $0 — Undisclosed —
SERIES BEquity / VC Nov 2019 $4.5M $18M Undisclosed —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Day Owl website traffic

Latest recorded traffic for Day Owl is 36K monthly website visits, up 176.9% over the last three months. Day Owl's team declined 16.7% over the past year.

Latest monthly visits36K 3-month web change+176.9% 1-year team growth-16.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

13 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A11 investors entered at this stage

  • Innovation Works
  • Social Venture Circle
  • Riverfront Ventures
  • BlueTree Allied Angels
  • Draper Triangle Ventures
  • DNS Capital
  • Idea Foundry
  • H&M Group Ventures
  • Beringea
  • Balderton Capital
  • Forward Partners

Other known investors2 additional known investors

  • Magarac Venture Partners
  • Unreasonable Group
Employees 5 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Day Owl on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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