LOB: SERIES B
We are pleased to announce that Lob has raised $20M led by Y Combinator’s Continuity Fund with participation from existing investors Floodgate, Polaris Partners, and First Round Capital. Y Combinator’s Continuity Fund has an experienced team that will continue to support Lob as it continues to scale. Ali Rowghani, the CEO of YC Continuity and former CFO of Twitter and Pixar, will join the Board of Directors.
Indicator first participated in Lob’s Seed Round. Lob is now the de-facto infrastructure for any company that wants to automate printing and mailing. The team at Lob has developed a nationwide print delivery network that has delivered mail to 1 out of every 9 households in the US.
With this new capital, Lob plans to expand their print delivery network, build more robust UI tools for teams integrating Lob, and release complimentary APIs that further assist their core users in automating tedious back office workflows. Along with this round of funding, Lob officially announced its new address verification API, which provides customers with access to more than 156 million domestic addresses to avoid improperly addressed mailings.
Lob (www.lob.com), through its API layer, enables enterprises to programmatically send physical mail as easily as sending an email.