Minted lands $208M Series E from Permira and T. Rowe Price

TechCrunch | 12/13/2018 | Staff
j.moomin (Posted by) Level 3
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Minted, a company we’ve been covering on this site for a decade-plus, plans to double down on its wholesale and licensing business, which helps larger retailers sell stationery, art and home decor designed by its community of independent artists.

To fund the growing initiative, the design marketplace is today announcing a $208 million Series E funding led by Permira, with participation from T. Rowe Price. The round brings Minted’s total raised to date to $300 million. The company, founded in 2007, has previously landed backing from Benchmark, Menlo Ventures, Norwest Venture Partners, Technology Crossover Ventures and others.

Trend - Need - Design - Retailers - Company

“Minted is playing into a trend that’s really fortunate for us, which is a need for differentiated design that helps retailers compete,” the company’s founder and chief executive officer Mariam Naficy told TechCrunch.

Naficy, a former vice president of U.S. e-commerce at The Body Shop, declined to disclose the company’s valuation but says it’s profitable on an earnings before interest, tax, depreciation and amortization (EBITDA) basis and is on track...
(Excerpt) Read more at: TechCrunch
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