8 years ago

LoveCrafts Secures $33 Million to Expand its Crafting Community

  • LoveCrafts, a social network and marketplace for knitters and other home craft makers, has raised $33 million in a Series C round led by Scottish Equity Partners

  • The company aims to expand into new categories and double down on international growth

  • LoveCrafts has a unique blend of free social network, free or low-cost patterns, and competitive prices for supplies, making it a popular destination for knitters

  • The company plans to stick to its current business model, which involves generating revenue solely from the sale of yarns and other supplies, with all pattern revenue going to the creators

      • ProblemFinancial Services

      "Making insurance more flexible, affordable and accessible to people in the UK. "

      Solution

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      Covered on