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.
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
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

Serena Dugan
Serena Dugan co-founded Serena & Lily in 2003 and served as Chief Creative Officer, shaping the brand's signature California style through her background in fine art and textile design.
1 episode

Lily Kanter
Lily Kanter co-founded Serena & Lily in 2003 and led the company as CEO for more than a decade, scaling it from a nursery-bedding startup into a national direct-to-consumer lifestyle brand.
1 episode