Tuesday, February 11, 2020

Report: Hollar Shutting Down

Los Angeles-based online "dollar-store" style e-commerce provider Hollar is reportedly in the midst of winding down, according to a report on Tuesday. According to Axios, Hollar started looking for a buyer late last year, and is in a possible deal for the company's assets to be acquired by retailer Five Below--but without Hollar surviving the transaction. Hollar was venture backed by Perkins Caufield & Byers, Comcast Ventures, Greycroft Partners, Lightspeed Venture Partners, Index Ventures, Forerunner Ventures, and Pritzker Group. The company had raised over $75M in total funding. The company's current CEO is Steve Oliver.

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