The Bouqs Company, a Los Angeles, CA-based online flower delivery service, raised $6m in Series A financing.
The round was led by Azure Capital Partners with participation from KEC Ventures. In conjunction with the funding, Paul Ferris, General Partner at Azure Capital Partners, will join the Board of Directors.
The funding will be used to accelerate growth by expanding staff, offering delivery outside the US, and scaling its technology and infrastructure.
Led by John Tabis, CEO & Founder, and JP Montúfar, COO & Co-Founder, TheBouqs.com delivers eco-friendly flowers direct to consumers and small businesses from an international network of top tier farms. Launched in November 2012, the service is available via iOS and Android apps.
Bouqs are cut and shipped from a volcano in South America for a flat rate of $40 (with free international shipping to anywhere in the United States including Alaska and Hawaii) or, for $50 flat, from partner farms along the California coast via free overnight delivery.
Consumers can choose from over 100 Bouqs featuring roses, lilies, hydrangea, ranunculus, sunflowers and more, all curated by floral designer Eric Buterbaugh.
The company will expand delivery operations beyond the US as well as begin sourcing flowers from new farms and nurseries in the US and around the globe.
FinSMEs
26/06/2014