Lob was founded in 2013 by Harry Zhang and Leore Avidar. The company has not publicly endorsed plans to participate in an IPO.
Lob is a direct mail automation platform. The company helps businesses develop intelligent marketing strategies that use physical rather than electronic mail. In 2022, Lob announced a strategic partnership with AdQuick, an out-of-home advertising company. Lob, which states that it is a 100% carbon neutral business, has raised more than $80 million in venture capital funding from investors including Y Combinator, Polaris Partners, First Round, Floodgate, AngelList, and Thirty Five Ventures. The company did not disclose valuation figures following a $50 million Series C funding round in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.