Lob Secures $50M Series C for Direct Mail Platform Growth

Feb 25th, 2021Funding
  • Lob raised $50 million in Series C funding led by Y Combinator Continuity, totaling $80 million in capital.

  • Over 8,500 customers use Lob's platform, reaching one in two U.S. households, with plans to triple mail sent in a year.

  • Lob to use funds to expand its print delivery network, double its workforce in 2021, and enhance its direct mail solutions.

  • Platform reduces direct mail workflow execution time by 95%, fosters personalized customer interactions similar to SMS and email.

  • Lob's Print Delivery Network enables real-time content personalization, with customers like Marley Spoon seeing a 20% consumer retention increase.