2015’s biggest investments: LoveCrafts £14m

Online craft marketplace LoveCrafts secures funding to consolidate position in $100bn global craft industry

Company: LoveCrafts
Description: Online craft marketplace
Founders: Edward Griffith, Nigel Whiteoak, Cherry Freeman
Based in: London
Raised: £14m ($20m)
Investors: Highland Capital, Balderton Capital

They said:

Edward Griffith, co-founder of LoveCrafts:

“We’re very excited to continue to build online homes for this global community of fantastic makers, one craft at a time. The whole team is thrilled to serve this wonderful community, and to continue to provide them with a place for inspiration, sharing, content and all the supplies makers can imagine.”

Laurence Garrett, general partner of Highland Europe:

“We think LoveCrafts epitomises next generation commerce, and is operating in a market which is the very definition of social.  We are particularly delighted to be working with such an experienced and passionate management team.”

Read more about the deal here. 

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