HOLLYWOOD--(BUSINESS WIRE)--Quarterly Co. today announced it has closed $1 million in additional funding, which brings the company’s total funding to approximately $2.2 million. True Ventures led the round with participation from Collaborative Fund and VegasTechFund.
The capital infusion will support the expansion of Quarterly’s subscription service, which allows people to receive a collection of physical gifts in the mail every three months from the company’s roster of influential contributors, including authors such as Tim Ferriss, artists like Pharrell Williams, bloggers such as Heather Armstrong and entrepreneurs like Alexis Ohanian.
“In a short period of time, Quarterly has positioned itself as a disruptive company for its successful integration of digital services and tangible interactions,” said Tony Conrad, a founding member and partner at True Ventures, and founder and CEO of about.me. “The company’s subscription-based offering has created an experience that is both exciting and exclusive, and we are confident in their ability to increase and sustain momentum going forward.”
Quarterly offers people a new way to connect with the people and organizations they follow online and find interesting. Each mailing contains a variety of curated items that provide subscribers with unique insight and unparalleled access into what inspires the contributor.
“From the first time we saw it, we were excited about Quarterly’s approach to direct fan engagement. We are thrilled to be on board as investors,” said Andy White, partner of VegasTechFund. “By making once-remote connections personal, Quarterly stands out for being able to foster deeper and more meaningful engagement in today’s digital world.”
“This funding will allow us to bring the joy of Quarterly to more subscribers and more contributors,” said Mitch Lowe, CEO of Quarterly and a former co-founder and executive at Netflix and Redbox. “By bringing online relationships offline, we have struck a real chord with both trendsetting contributors and their fans and followers. This investment signifies continued confidence in our model, and we look forward to accelerating our growth.”
About Quarterly Co.
Quarterly Co.™ is a subscription service that sends people curated, physical gifts in the mail every three months from influential contributors of their choice. Founded in 2011, Quarterly is currently backed by True Ventures, Collaborative Fund, VegasTechFund, SV Angel and others. For more information, visit www.quarterly.co.
