The Bouqs Company, a Venice Beach, California-based online flower delivery company, raised $1.1m in seed funding.
Backers included Quest Venture Partners and Siemer Ventures, as well as angel investors Mich Mathews, former CMO of Microsoft, Dennis Phelps, partner at Institutional Venture Partners, Andy Dunn, CEO/founder of Bonobos, and Brian Spaly, CEO/founder of Trunk Club.
The company intends to use the funds to continue to build its technology and infrastructure, expand the team and marketing efforts.
Co-founded by John Tabis, CEO, and JP Montúfar, COO, TheBouqs.com launched last year to create an online flower delivery service that ships farm-direct, eco-friendly stems, with no hidden fees for a flat rate of $40 (anywhere in the United States).
The company says that all Bouqs are grown on eco-friendly and sustainable farms located 10,000 feet above sea level on an active volcano situated right on the equator, which results in premium stems with robust colors. Each farm only cuts what is ordered.
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FinSMEs
26/06/2013