Loverly is the online bridal marketplace that is already showing signs that it will be profitable by the end of the year. The site has already raised $2.5 million, bringing its value at around $15 million, according to TechCrunch.
The company launched two years ago with just $500k in seed investments. It has now grown to host over 250k products from over 2,000 brands.
“We’re taking what has traditionally been an offline, one-to-one experience and bringing it online,” founder Kellee Khalil told TechCrunch.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.