Lovepop, the technology firm reinventing the greeting card and social expressions industry, today announced an investment of $12.5 million led by Highland Capital Partners. Also participating in the round are return investors Accomplice, Wayfair CEO and co-founder Niraj Shah, Crashlytics founder Wayne Chang, DraftKings CEO and co-founder Jason Robins, and Bain Capital's Bob White. In conjunction with the financing Lycos founder and Highland Capital Partners, General Partner, Bob Davis, will join the company's Board of Directors.
Lovepop has enjoyed explosive growth over the last two years as it continues to disrupt the $7B traditional greeting card industry through the deployment of creative technology tools, both licensed and proprietary content, and omni-channel distribution. The company's products are available at www.lovepop.com, at hundreds of specialty retailers, and at over 15 company-owned retail locations. Also, the company recently introduced a complete line of wedding invitations that further leverage its patented pop-up... READ MORE