Lob Receives $50M Series C Funding
Summary
SAN FRANCISCO, CA, 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 Lobs total capital raised to $80 million. More than 8,500 companies use Lobs cloud software to move faster and create new growth opportunities, including Booking.com, Expedia, Clover Health, Marley Spoon, Root Insurance, SeatGeek, ThredUp and Twitter. Lobs APIs dramatically reduce mail processing time, reclaiming thousands of hours and improving data quality. Headquartered in San Francisco, Lob is backed by leading investors including Y Combinator, First Round Capital and Floodgate.
Funding
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