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Serena & Lily

Serena & Lily is a design-driven luxury home furnishings and accessories brand founded in 2003 by Serena Dugan and Lily Kanter, with headquarters in Sausalito, California.

Retail
1 Episode

The Story

Serena & Lily began in 2003 when textile designer Serena Dugan and entrepreneur Lily Kanter met by chance in Mill Valley, California. They spotted a gap in the nursery bedding market and decided to build a brand around breezy California style and considered design.

The company launched as a crib bedding business, then expanded into kids’ bedding, adult bedding, and eventually furniture, rugs, lighting, and home accessories. Known for bold pattern work and a relaxed yet refined aesthetic, Serena & Lily grew into a direct-to-consumer lifestyle company with its own design shops and an e-commerce business serving a national U.S. audience.

In 2014, Serena & Lily was acquired by Protea Investments, a private family office investor. The acquisition brought new leadership and a new phase of growth, while the brand kept its design roots and Sausalito headquarters.

Today Serena & Lily continues to design and sell its own proprietary collections of furniture, bedding, and home decor, with an emphasis on character-filled spaces and coastal-inspired interiors.

Key Facts & Metrics

📅 Founded 2003
📍 Sausalito, CA
👥 201-500
💰 $35M-$100M

Company Timeline

  • 2003 — Company founded

    Serena Dugan and Lily Kanter launched Serena & Lily as a nursery bedding company after meeting in Mill Valley, California.

  • 2007 — Expanded into kids bedding

    The brand extended beyond crib bedding into children's bedding, broadening its home lifestyle catalog.

  • 2009 — Launched adult bedding

    Serena & Lily moved into adult bedding, setting the stage for a full home furnishings assortment.

  • 2014 — Acquired by Protea Investments

    The company was acquired by Protea Investments, a private family office investor; Lori Greeley later became CEO.

Episodes Featuring Serena & Lily

Founders Featured