This Month in Money Moves: Blavity, ClassPass & Framebridge
It must be summer because women are on FIRE.
This month we've seen some major money moves from some of our favorite C&C Alumni. Read below for the inspo you need to finish out this week like these BOSSES. Then, go show these ladies some love on their pages.
#SupportFemaleOwnedBusiness
Morgan DeBaun | Blavity
In our new favorite company memo, Morgan DeBaun announced her Series A round of funding for her media company Blavity INC.
"So are we rich now or nah?"
Morgan and Blavity INC raised $6,500,000 in her first very significant round of funding. This means the company will be able to grow faster by investing in engineering to fuel their many brands, investing in employees, and expanding benefits. There was also a mention of increasing the fruit delivery to twice a week. Which is V. IMPORTANT.
"I’m incredibly proud of how our small team has worked together to consistently deliver on our mission to create a platform, company, and a vibrant ecosystem, with our community at the center." Morgan states to her employees in her company memo. We couldn't be more excited to see Morgan become the media mogul she was meant to be.
Payal Kadakia | ClassPass
Founder and Chairman Payal Kadakia announced this week that ClassPass raised $85M in series D funding. This latest round brings ClassPass’s total funding to $255 million. #GOALSAF
So, what's next for everyone's favorite health + fitness app?
#1 Taking ClassPass everywhere. Time to go international, baby!
#2 ClassPass Live! Hi, taking amazing ClassPass classes from the comfort of your home.
Susan Tynan | Framebridge
Susan Tyran was an early Create & Cultivate supporter and we might be some of the most passionate Framebridge supporters out there. Her custom framing company (seen at many C&C conferences), announced the close of a $30M Series C financing. Launched in 2014, the custom framing company has changed the way consumers custom frame the creative and meaningful pieces in their lives. And every single order is produced in house.
Susan explains to Create & Cultivate, “Now that we have a real business, what we've built speaks for itself. We raised $30M because we built a business consumers love. Every nuanced detail we sweat creating this business translates to successful fundraising. Some people might be able to raise based on swagger, but we did because we built something fundamentally good.”
This new round of financing will go towards innovation, expanding manufacturing and refining the delivery process.