2015’s biggest investments: LoveCrafts £14m
Online craft marketplace LoveCrafts secures funding to consolidate position in $100bn global craft industry
Description: Online craft marketplace
Founders: Edward Griffith, Nigel Whiteoak, Cherry Freeman
Based in: London
Raised: £14m ($20m)
Investors: Highland Capital, Balderton Capital
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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