Tech Company Financing Transactions
123 Baby Box Funding Round
123 Baby Box, based in Irvine, received $1.2 million from XRC Labs, Crescent Fund and private investors.
Transaction Overview
Company Name
Announced On
3/13/2023
Transaction Type
Venture Equity
Amount
$1,200,000
Round
Seed
Investors
Proceeds Purpose
The funds will be used to get out of her parents' garage and into a warehouse, marketing, hiring and inventory. The round will also help 123 Baby Box reach its Series A metrics of $100,000 monthly recurring revenue and hitting the $1 million annual recurring revenue mark, which Bahadur expects to take approximately two years, given the challenging economy.
Company Information
Company Status
Private & Independent
Industry
Consumer
Mailing Address
5270 California Ave
Irvine, CA 92697
USA
Irvine, CA 92697
USA
Phone
Website
Email Address
Overview
123 Baby Box is a monthly subscription box for babies aged 0-3 years. From infants to toddlers, we are proud to be a part of your baby's first few years of life! We love your baby and we're here to make your life easier by bringing everything your baby needs directly to you. Stop wasting your time researching every baby product or wasting money on thousands of different products that aren't right for your baby! We do all the hard work for you and cut out the guess work.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Zarina Bahadur
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We do our best to report on tech company VC transactions. VC investment data records on this site are derived from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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