Boxed Raises $6.5M in Series A Funding
Summary
Boxed, a NYC-based mobile commerce firm that provides discounts for warehouse club shopping, raised $6.5m in Series A funding.The round was led by Greycroft Partners, First Round Capital and Signia Venture Partners with participation from ENIAC Ventures, Social Starts, BoxGroup, former Facebook COO Owen Van Natta and former Zynga COO David Ko.In conjunction with the funding, Kamran Ansari of Greycroft Partners will be joining Boxed’s board of directors.Led by CEO and founder Chieh Huang, Boxed offers name-brand, warehouse club products with no membership fees and shipping to 48 states.The iOS and Android app allows customers to shop name-brand staples and discover wholesale-sized organic and eco-friendly products which are not typically available in physical warehouse stores.