Lob Raises $50 Million in Series C Funding To Scale Its Direct Mail Platform
02/25/21, 3:02 PM
Location
san franciscoMoney raised
$50 million
Round Type
series c
Lob, the leading direct mail platform, today announced that it has raised $50 million in Series C funding. Led by long-time investor Y Combinator Continuity, this new financing round brings Lob’s total capital raised to $80 million.
Company Info
Location
san francisco, california, united states
Additional Info
Lob automates direct mail for modern businesses. More than 8,500 companies use Lob’s cloud software to move faster and create new growth opportunities, including Booking.com, Expedia, Clover Health, Marley Spoon, Root Insurance, SeatGeek, ThredUp and Twitter. Lob’s APIs dramatically reduce mail processing time, reclaiming thousands of hours and improving data quality. One in two households in the U.S. have received mail generated through Lob’s platform. Headquartered in San Francisco, Lob is backed by leading investors including Y Combinator, First Round Capital and Floodgate. For more information, visit https://www.lob.com.