LoveCrafts - About the company
LoveCrafts is an acquired company based in London (United Kingdom), founded in 2012 by Cherry Freeman, Peter Bazalgette, Edward James Griffith, Laurence Garrett and Nigel Andrew Whiteoak. It operates as a Social commerce marketplace for craft makers. LoveCrafts has raised $146M in funding from investors like Balderton Capital, TriplePoint Capital and Scottish Equity Partners, with last known valuation of $*****. The company has 717 active competitors, including 25 funded and 24 that have exited. Its top competitors include companies like Zulily, eBay and Showroomprive.com.
Company Details
LoveCrafts is a platform for the craft maker community. It provides social networking and an e-commerce platform where makers can upload their projects having guidelines, pictures, etc. Provides two sites 'loveknitting.com' & 'lovecrochet.com' on the platform where makers can plan their projects, get advice and buy the required supplies. Users can earn by selling design guides uploaded to the platform. Generates revenue via selling accessories, raw materials, and user-uploaded design guides.
- Website
- www.lovecrafts.com/en-gb/
- Social
Key Metrics
Founded Year
2012
Location
London, United Kingdom
Stage
Acquired
Total Funding
$146M in 10 rounds
Latest Funding Round
Last Known Valuation
$***** as on Feb 12, 2019
Investors
Ranked
10th among 717 active competitors
Annual Revenue
£20.2M as on Mar 31, 2019
Investment & Acquisitions
Exit Details
Acquired by Missouri Star Quilt Company (Sep 30, 2024)
Legal entities associated with LoveCrafts
LoveCrafts is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
LOVECRAFTS MAKERS LIMITED CIN: 08072374 , United Kingdom, Active | May 16, 2012 | - | 1 (As on Mar 31, 2020) | |
LoveCrafts Inc. CIN: 5538708 , United States, Active | May 21, 2014 | - | 1 (As on Mar 31, 2020) | - |
LOVECRAFTS GROUP LIMITED CIN: 07193527 , United Kingdom, Active | Mar 16, 2010 | $26.5M (As on Mar 31, 2019) | 1 (As on Mar 31, 2020) | |
LOVECRAFTS GROUP LIMITED CIN: 7193527 , Germany, Active | Mar 16, 2010 | - | 153 (As on Jan 31, 2021) |
LoveCrafts's acquisition details
LoveCrafts got acquired by Missouri Star Quilt Company on Sep 30, 2024.
Click here to take a look at LoveCrafts's acquisition in detail
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LoveCrafts's funding and investors
LoveCrafts has raised a total funding of $146M over 10 rounds. Its latest funding round was a Series C round on Jan 28, 2021 for $*****. 4 investors participated in its latest round. LoveCrafts has 7 institutional investors and 30 angel investors.
Here is the list of recent funding rounds of LoveCrafts:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 28, 2021 | 4102027 | Series C | 4780452 | 4848716 | 3741609 | 5597938 |
Feb 12, 2019 | 6400489 | Series C | 8171692 | 9256493 | 2741685 | 6964256 |
Jul 26, 2018 | 6577275 | Series C | 9169016 | 8074594 | 7238280 | 6032548 |
Access funding benchmarks and valuations. Sign up today!View details of LoveCrafts's funding rounds and investors
LoveCrafts' founders and board of directors
Founder? Claim ProfileThe founders of LoveCrafts are Cherry Freeman, Peter Bazalgette, Edward James Griffith, Laurence Garrett and Nigel Andrew Whiteoak.
Here are the details of LoveCrafts' key team members:
- Cherry Freeman: Co-Founder & CFO of LoveCrafts and founder of 1 other company. They are also an angel investor in 3 startups and serve on the boards of 2 companies.Contact Info: 1 email address
- Peter Bazalgette: Co-Founder of LoveCrafts. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address
- Edward James Griffith: Co-Founder of LoveCrafts and founder of 2 other companies, LoveCrochet and LoveKnitting. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Laurence Garrett: Co-Founder of LoveCrafts. They serve on the boards of 3 companies.Contact Info: 1 phone number
- Nigel Andrew Whiteoak: Founder of LoveCrafts. They serve on the board of 1 company.
LoveCrafts' Board of Directors
LoveCrafts's board has 5 active members. Peter Bazalgette, Edward James Griffith, Laurence Garrett and Nigel Andrew Whiteoak are part of team and Stuart Paterson is independent board member.Here is the list of LoveCrafts' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 11m | |
Team | - | Current | 15y 11m | |
Team | - | Current | 10y 7m | |
eoaxlwh | Team | - | Past | 6y 9m |
vfdphpl | Team | - | Past | 1y 8m |
Independent board member | - | Current | 8y 10m | |
gjacwfc | Independent board member | - | Past | 8y 7m |
minrdyd | Independent board member | - | Past | 6y 4m |
View details of LoveCrafts's Founder profiles and Board Members
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LoveCrafts's Competitors and alternates
Top competitors of LoveCrafts include Zulily, eBay and Showroomprive.com. Here is the list of Top 10 competitors of LoveCrafts, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Zulily 2009, Seattle (United States), Acquired | Online shopping platform using flash sales | $135M | 85/100 | |
2nd | eBay 1995, San Jose (United States), Public | Online retailer of electronics, cars, fashion, collectibles, sports, and more | - | 83/100 | |
3rd | Showroomprive.com 2006, Paris (France), Public | Online shopping platform for multi-category products | $80.9M | 74/100 | |
4th | Groupon 2007, Chicago (United States), Public | Online marketplace offering deals on multi-category products and services | $950M | 68/100 | |
5th | OnBuy 2006, Bournemouth (United Kingdom), Series A | Online marketplace offering multi-category consumer products | $58.7M | 62/100 | |
6th |  Argos 1973, Milton Keynes (United Kingdom), Acquired | Online retailer offering multi-category products | - | - | 60/100 |
7th |  Healf 2018, London (United Kingdom), Seed | Online retailer offering multi-category eco-friendly products | $2.4M | 58/100 | |
8th |  Recoup 2011, San Francisco (United States), Unfunded | Platform that brings businesses, consumers and non-profits together | - | - | 57/100 |
9th | _1581331537894.png?devicePixelRatio=2&height=30&width=30){kind=logo} Trouva 2013, London (United Kingdom), Acquired | Online retailer of multi-category fashion products | $41.1M | 57/100 | |
10th |  LoveCrafts 2012, London (United Kingdom), Acquired | Social commerce marketplace for craft makers | $146M | 52/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on LoveCrafts's competitors? Click here to see the top ones
LoveCrafts's Investments and acquisitions
LoveCrafts has acquired 2 companies including Deramores Retail and Deramores Retail. LoveCrafts has not made any investments as of now.Reports related to LoveCrafts
Here is the latest report on LoveCrafts's sector:
News related to LoveCrafts
Filter this list•
LoveCrafts and WEBS Acquired by Missouri StarCraft Industry Alliance•Oct 01, 2024•Missouri Star Quilt Company, LoveCrafts
•
LoveCrafts acquires Deramores from Ideal ShoppingPrivate Equity Wire•Feb 02, 2022•LoveCrafts, Deramores Retail
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This Balderton-backed Online Community For Crafters Raises €18.2m To Expand Into New Craft Categories, GeographiesSilicon Canals•Feb 01, 2021•LoveCrafts, Scottish Equity Partners, Balderton Capital, Highland Europe and 1 other
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Online crafts specialist acquires US firm following $22m fundraiseBdaily•Jan 28, 2021•LoveCrafts, WEBS, Scottish Equity Partners, Highland Europe and 2 others
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Lockdown Results in Huge Revenue Growth for Global Crafting PlatformBusiness News Wales•Sep 11, 2020•LoveCrafts
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LIV fetches $2.6 mln Series APE Hub•Nov 19, 2019•LIV, Hiro Capital, Inspired Entertainment, Games Workshop and 5 others
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