Framebridge Washington DC based Custom Frame Style Startup raises $9Million
Framebridge has raised $9Milloin in Series-A funding. The startup offers an online platform for custom made frames.
Framebridge provides an online platform to get custom frames made. User can choose a frame style, then upload their art and order one. Framebridge is a Washington DC based startup that recently raised around $9Million in Series-A funding to fuel its business. Investor’s participants are SWaN& Legend Venture Partners, Revolution LLC & New Enterprise Associates. Framebridgewas launched in 2014 by SUSAN TYNAN (CEO/Founder).
Susan Tynan on Framdebride: “We launched Framebridge in 2014 to make it easy for everyone to frame the things they love… Our team looks forward to working with you to decorate homes and offices with items that are truly personal, meaningful, and fun!”
Having nicely funded will help the business to work well in longer run. Founded in the year 2014 the startup has raised overall $20.4Million in overall funding. Framebridge provides a platform to buyers to findaffordable custom frame for their photos.
Framebridge, the online custom framing startup that makes it easy and affordable to custom frame what you love, today announced $9 million in additional venture funding. The latest investment arrives as the company opens a new hi-tech framing facility in Richmond, Kentucky, to help meet rapidly-growing demand for high-quality; handcrafted custom frames that ship directly to consumers. The additional financing comes from SWaN& Legend Venture Partners, as well as existing investors New Enterprise Associates and Revolution Ventures. SWaN& Legend Managing Director Fred Schaufeld will join the Framebridge Board of Directors.
“We were attracted to how Framebridge has reinvigorated the custom framing industry and its demonstrated success at an early stage,” said Schaufeld. “The company has shown significant customer growth and operational improvements, while remaining focused on delivering a top-notch customer experience. It is the type of company we look for when we make funding decisions. It fills a market need with very affordable pricing for custom framing, great operational support and potential for incredible growth.”
The new 100,000-square-foot production facility will immediately increase Framebridge’s operational capacity six-fold, as well as make delivery times more efficient throughout the United States, eliminating multiple days in transit to specific regions. The studio will feature increased automation and workflow enhancements, all powered by Joinery, Framebridge’s proprietary production software. These improvements will improve delivery times, uphold strict quality standards and create efficiency savings to pass along to customers. The facility is expected to create over 75 new local jobs by the end of the year and opens in time to meet an expected increase in customer orders driven by Mother’s Day.
The $9M in additional funding brings the company’s total capital raised to over $20M in less than two years of operations. Beyond investments in manufacturing, the new funding will enable the company to scale marketing and partnership initiatives, invest in experience improvements and introduce new custom products and services. Framebridge has experienced rapid growth over its first 18 months as it continues to transcend the outmoded framing sector and take on a larger share of the $5 billion U.S. custom framing market.
“By investing in an improved customer experience, through faster deliveries of a custom product and a high standard of quality, we’ve seen lots of new, happy customers and growing excitement around the category,” said Susan Tynan, Founder & CEO of Framebridge. “We’re proud to keep growing our business with the continued trust of our investors.”
- Framebridge is an online custom frame provider.
- It raised overall $20Million in overall funding. The startup aim to offer platform to buy affordable custom frames.