Boxed raises $6.5 million in funding for wholesale shopping app
Mobile commerce company Boxed has secured an additional $6.5 million in funding for the continued expansion of its warehouse club shopping platform. Since its launch last August, the Boxed platform has expanded to offer over 800 products. Unlike real-world warehouse stores, Boxed requires no membership fee, and offers free overnight shipping on purchases of $75 or more.
Previous investor Greycroft Partners led the round alongside First Round Capital and Signia Venture Partners. They were joined by ENIAC Ventures, Social Starts and BoxGroup, among others.
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