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Urbanstems Raises $5M Series C Extension Funding, Continuing Expansion Of Same-Day Delivery With Miami Launch

Jan 04, 2024almost 2 years ago

Amount Raised

$5 Million

Round Type

series c

WashingtonInformation Technology

Investors

Df EnterprisesS Wa N & Legend

Description

UrbanStems, the premier modern floral gifting company, announces that it has secured $5 million in Series C extension funding from existing investors. The capital fuels the company's growth strategy as it expands same-day delivery service to new cities across the U.S. The round was led by SWaN & Legend and DF Enterprises with additional funding from existing investors. The announcement comes alongside the company's same-day delivery expansion to Miami, the world's foremost market in the floral industry.

Company Information

Company

UrbanStems, Inc.

Location

1615 L STREET NW

Washington, Washington, United States

About

You can’t buy happiness, but you can send flowers, and that’s pretty much the same thing. That’s why we created UrbanStems – to make it easy, affordable and fun to make someone’s day (or your own) with stunning bouquets & gifts. We’re in the business of inspiring delight in our team, our customers, and our community, and every decision we make stems from our ultimate goal: to make the world a happier place.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers