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United States : BULU BOX announces securing $2 million funding

May 10, 2014

Bulu Box announced that it has gained over $2 million in a Series A financing round headed by Dundee Venture Capital and added by Mid-American Angels, Two Bridges Capital, Linseed Capital, Midwest Venture Alliance and private individuals.

Lincoln start-up would receive aid through this financing to pay for key employees, comprising a chief technology officer, two entry-level positions and five interns and raise customer acquisition channels and product development for the vitamin and supplement discovery e-commerce company.

This funding, and the continued support of past investors like Dundee Venture Capital and Linseed Capital, will allow Bulu Box to continue to grow our customer base and hire the talent needed to sustain our current growth, said co-founder and CEO Paul Jarrett in a news release.

"When we started our business model, we thought it would be all about the subscription model, but what we've found is that it's more about e-commerce," Jarrett said.

Jarrett said the company will focus on sales in the future, but he's in interesting conversations with larger companies.

"Sales solves all, and that s what we re focusing on... the rest of it is going to happen naturally," he said.

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Source: TendersInfo (India)

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