Thursday, July 18, 2013

Quarterly Co. Gains $1M In Funding

Hollywood-based Quarterly Co., the subscription-based gift delivery service, has raised $1M in new funding, the company announced today. The company said the funding brings its total raised to $2.2M. The new funding was led by True Ventures, and also included the Collaborative Fund and VegasTechFund, the venture fund led by Zappos.com CEO Tony Hsieh.

According to Quarterly, the new funding will support expansion of its subscription service. Quarterly's service delivers a curated set of gifts chosen by influencers, including artists, bloggers, and others. The new funding had been disclosed in a regulatory filing earlier this week.

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