Lob Secures $7M in Series A Financing for Cloud PrintingLob Secures $7M in Series A Financing for Cloud Printing
Lob has raised $7 million in venture capital funding to invest in its cloud printing API. Here are the details.
September 11, 2014
Cloud printing application programming interface (API) company Lob this week said it has raised $7 million in venture capital financing.
The Series A financing round was led by Polaris Partners, First Round Capital and Floodgate, with participation from other individual investors. These additional funds follow a $2.4 million seed round in November 2013 and bring Lob’s total financing to date to $9.4 million.
Leore Avidar and Harry Zhang co-founded the company to develop asuite of print and mail APIs for developers and businesses. Lob’s portfolio offers a range of print products, base infrastructure and tools.
As part of the funding, Pat Kinsel, a partner at Polaris Partners, will take a seat on the company’s board of directors.
“To leverage print, developers need a highly scalable solution that works everywhere,” he said in a statement. “By offering a developer friendly, pay-as-you-go service, Lob has helped developers realize print is an important and easily achievable part of their application or service.”
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