Venice based flower delivery startup, , announced a $12 million Series B today, just in time for the Valentine's Day rush.
The round included existing investors Quest Venture Partners, Azure Capital Partners and KEC Ventures, with participation from Enspire Capital and Draper Associates.
The Shark Tank alum has been busy in 2016 with national television and Instagram ad campaigns. They will reportedly be delivering 150,000 bouquets this Valentines Day.
Since its founding in 2012, The Bouqs has emphasized their cut-to-order, farm-to-table approach, sourcing flowers from local farms in the U.S., Ecuador, Columbia and Costa Rica.
“We are changing flower-buying behavior across the country by delivering on our promise to provide consumers the best possible experience at game-changing prices, while helping our partner farms and florists thrive,” said Founder and CEO of The Bouqs Company, John Tabis in a statement. “This new funding enables us to execute on critical technology and operational expansion to further our mission.”
The latest round brings the company's funding total to $20 million. The Bouqs now has 40 employees in their Venice office, operates in 130 markets nationwide, and announced their same-day delivery service this past summer.
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