Minted, a San Francisco, CA-based online marketplace for independent design and art, raised $41m in Series C financing.
The round was led by Technology Crossover Ventures, with participation from and existing investor Benchmark Capital, Allen & Company, Kevin and Julia Hartz, Co-Founders of Eventbrite. In conjunction with the funding, Woody Marshall, General Partner at Technology Crossover Ventures, joined Minted’s board of directors.
The company, which has now raised $52m, intends to use the capital to scale operations and to extend its crowd-sourcing model to new categories, including its new wall art and party decor businesses.
Led by Mariam Naficy, Founder and CEO, Minted is an online marketplace that crowd-sources and sells graphic design and art from a global community of thousands of independent designers. The company, which produces designed premium products for the home, holidays, and occasions, has just announced its first crowd-sourcing retail partnership, providing West Elm with an exclusive selection of Minted-branded wall art sourced through a competition held on Minted’s community platform.
Minted has more than 115 full-time employees and plans to continue to hire on its engineering, design, and business teams (read here).
15/11/2011: Minted Closes $5.5M Series B Funding