5 years ago

LoveCrafts Secures £16M and Acquires WEBS to Become a Global Crafting Powerhouse

  • London-based online craft community LoveCrafts has raised £16 million in a late-stage funding round and acquired WEBS, America's largest online knitting and crochet business

  • The funding will be used to fuel LoveCrafts' next chapter of growth and expand its market share in the global crafts market

  • The acquisition of WEBS will allow LoveCrafts to expand into new craft categories and geographies, making it a market leader in needlecraft in North America.

      • ProblemArts and Crafts

      "Many craft enthusiasts struggle to find high-quality supplies, inspiration, and a sense of community."

      Solution

      "LoveCrafts provides an online platform where craft enthusiasts can purchase supplies, learn new techniques, and connect with a global community."

      Covered on