Lob was founded in 2013 by Harry Zhang and Leore Avidar. Lob has not officially endorsed a plan to participate in an IPO.
Lob is a direct mail automation platform. Per Forge data, Lob raised $82.3 million in funding over 7 rounds. Their latest funding was raised on Feb 25, 2021, from a Series C round. Key investors include Y Combinator and Polaris Partners.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/25/2021 | Series C | $50MM | $xx.xx | $385.02MM | Frontline Ventures, Indicator Ventures, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
3,350,722
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Frontline Ventures, Indicator Ventures, Y Combinator
|
||||||
05/31/2017 | Series B | $22.86MM | $xx.xx | $154.59MM | First Round Capital, Floodgate, Initialized Capital, Polaris Partners, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
3,030,660
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
First Round Capital, Floodgate, Initialized Capital, Polaris Partners, Y Combinator
|
||||||
09/08/2014 | Series A | $9.34MM | $xx.xx | $37.37MM | First Round Capital, Floodgate, Polaris Partners | |
Price per Share
$xx.xx
Shares Outstanding
4,141,178
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
First Round Capital, Floodgate, Polaris Partners
|