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Lover.ly receives $2.5 mln Series B funding
Marketplace for brides Lover.ly would soon close a Series B funding round. The investment was valued $2.5 million for the Pinterest-style marketplace. A report from TechCrunch cited sources saying the new investment would value the startup at $15 million. Meanwhile, the figures were accurate but it was not stated who had led the investment round.
The report went on saying that the current investment was oversubscribed. This would lead Lover.ly to take more funding from a few financiers before the round would be announced officially closed.
Quotidien was listed among Lover.ly’s previous financiers.
Lover.ly forsees to be profitable by the end of 2014, according to sources. The prediction was based on current records which could be the same reason why the investment round was funded on a relatively small amount. Sources also added that Lover.ly has stealthy raised around $1 million to $2 million funding last year which was never made public.