Zola Secures Additional Investment to Expand Registry Biz
December 15, 2016,
NEW YORK—Wedding registry provider Zola has secured a $25 million Series C round of funding that it will invest in marketing, customer service and technology resources.
Lightspeed Venture Partners was the lead investor, with Comcast Ventures, Canvas Ventures, Thrive Capital, BBG Ventures, Female Founders Fund, and co-founder Kevin Ryan also taking part.
“Zola has quickly become the premier all-in-one wedding registry for millennial couples,” said Shan-Lyn Ma, founder and CEO of the three-year-old company. “In just three years, seven million guests have attended a Zola wedding. This additional investment will allow us to continue to innovate in the category, and continue to make the registry experience as seamless as possible for engaged couples and their guests.”
“The fundamentals of Zola’s business model, leadership team, and customer metrics are very impressive,” said Alexander Taussig, Partner at Lightspeed Venture Partners in the statement. “Wedding gifts are a $19 billion business in the U.S. alone, and Zola is poised to become the market leader. We are thrilled to partner with the Zola team on their mission to bring joy and delight to couples nationwide.”
Previous investors in initial funding and the Series B included Canvas Ventures, Thrive Capital, BBG Ventures, Forerunner Ventures, Female Founders Fund, and Kevin Ryan.