Lob Secures $50M Series C for Direct Mail Platform Growth
Feb 25th, 2021Funding
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Lob raised $50 million in Series C funding led by Y Combinator Continuity, totaling $80 million in capital.
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Over 8,500 customers use Lob's platform, reaching one in two U.S. households, with plans to triple mail sent in a year.
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Lob to use funds to expand its print delivery network, double its workforce in 2021, and enhance its direct mail solutions.
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Platform reduces direct mail workflow execution time by 95%, fosters personalized customer interactions similar to SMS and email.
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Lob's Print Delivery Network enables real-time content personalization, with customers like Marley Spoon seeing a 20% consumer retention increase.