D.C.-based UrbanStems announced that it has raised a $12 million Series B funding round.
The round was led by SWaN & Legend Venture Partners and Motley Fool Ventures with additional investments from Middleland Capital, NextGen Venture Partners, Sagamore Ventures and others. The online flower deliver startup said in a press release that it will use the funding to expand its next-day deliver service to nationwide customers and invest in their operations and brand tech to make a greater gifting experience.
“We are excited to continue to invest in the growth of UrbanStems. We continue to be impressed with the team led by Seth Goldman, as he builds on the strong foundation the cofounders laid out in building the preeminent gifting platform of the future,” David Strasser, managing director of SWAN & Legend Venture Partners, said in a statement.
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