May 18, 2017 AT 9:42 am
Brit + Co raises $15m, previously $27m, total $42m #makerbusiness @BritandCo
Brit + Co raises $15 million to grow its media and merchandise businesses @ TechCrunch.
Brit + Co, the media startup founded by Brit Morin, is announcing an additional $15 million in funding led by Verizon Ventures (TechCrunch’s parent company). Former Uber President and Target CMO Jeff Jones will also be joining the startup as an advisor.
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She said they plan to add more video tutorials, which cost $20-$50 per online class. “Calligraphy, coding, and how to start a business.”
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The company now has over 100 employees
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The revenue from the videos along with the Target merchandise business have brought the startup closer to profitability, claimed Morin. She thinks they are on track to hit this milestone in the next year or two.
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Brit + Co previously raised over $27 million in funding from Intel Capital, Lerer Hippeau, Marissa Mayer and others.
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