• FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    27 Dec, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Provide lease-to-own monthly payment option for non-prime customers at e-retailer stores.
MAIN CLIENTS:
Ghostbed, Ashley Homestore, Bedamrt, Lacks Furnitures
EXISTING PARTNERSHIPS:
Retail partners including electronics, appliances, furniture and musical instruments. Some of the partners Sears Outlet, Ghostbed, Curacao, Vyze, etc.

PEOPLE

FOUNDERS:
Brandon Wright, Ashutosh Saxena, Andrew Hancox, Chinedu Eleanya
Board Members and Advisors:
Don Gayhardt, Gene Lockhart
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Blumberg Capital, Entrepreneurs Roundtable Accelerator, Tribeca Venture Partners, Victory Park Capital, MissionOG, Curo Capital
KEY EMPLOYEES:
Brandon Wright(CEO); Tony Lauro(CFO)

TRACTION

VALUATION / MARKET CAP:
$267 K in 2017
ACTIVE USERS COMMENT:
Zibby is available at more than 330 retailers in 46 states (May 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$36.04 Millions
DATE OF LAST FUNDING:
May 2017
TOTAL FUNDING COMMENT:
The company is planning to use the funds to further expand its presence among retailers to offer non-prime and near-prime customers a monthly payment option for furniture, appliances, electronics and other consumers durable.
SEED & PRIOR FUNDING:
$40 K
SEED CLOSED ON:
Jan 2013
FUNDING SERIES:
SERIES A
$10 Million Closed: Nov 2014
SERIES B
$12.5 Millions Closed: Jun 2016
Others
$13.5 Millions Closed: May 2017
DEBT FUNDING:
$150 Million
LISTED:
NO
COMMENT:
Debt financing: $100 M (Dec 2016) and an undisclosed round of $13.5 M raised in May 2017.

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