# Boxed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boxed

- Industry: Internet
- Headquarters: Bayside, US
- Website: www.boxed.com
- Total disclosed funding: $162M
- Latest round: Series C (Dec 23, 2016)
- Investors on record: 23

## About

Boxed is a U.S.-based online retailer specializing in bulk delivery of essential consumer goods, providing convenience and cost savings to households without membership fees.Boxed, founded in 2013, operates as an online bulk retailer delivering essential goods directly to customers. The company is headquartered in Bayside, US. In March 2023, Boxed completed a MERGER, raising USD 120.00 mn led by Seven Oaks Acquisition Corp., contributing to a total funding amount of USD 111.00 mn. The company has completed ten deals, with the most recent deal dated March 14, 2023. The current CEOs are Chieh Huang and Mark Gadayev.Boxed specializes in providing a wide range of consumer goods delivered in bulk directly to customers' doorsteps. Their core offerings include premium pet food, snacks, beverages, cleaning supplies, and pantry essentials, aimed at simplifying shopping for families and pet owners. The company's model eliminates membership fees, making bulk purchasing more accessible and addressing common shopping pain points, including time constraints and the need for quality products, serving urban and suburban households across the United States.Boxed operates a direct-to-consumer model, generating revenue through bulk product sales without requiring a membership. Revenue primarily comes from individual purchases via its online platform, ensuring significant savings for customers who buy in larger quantities. Their pricing strategy is tailored for budget-conscious shoppers, featuring competitive rates on flagship products such as premium pet food and cleaning supplies, while maintaining a focus on enhancing customer satisfaction through a user-friendly shopping experience.Following the MERGER in March 2023, Boxed intends to utilize the funds to support the development and launch of new products tailored to customer needs. The company is focusing on expanding its operations into new markets, targeting urban areas and suburbs in the Southeast and Midwest regions of the United States by 2024. These initiatives are designed to enhance product offerings and improve service delivery, reflecting the company's commitment to meeting evolving consumer demands.

## Funding rounds

- Series C, Dec 23, 2016, $30M — American Express Ventures
- Series C, Dec 22, 2015, $100M — Granite Asia, DST Global, Eniac Ventures, Rainfall Ventures, Signia Ventures, Light Street Capital Management, SFA Partners, blisce/, Uncommon Denominator, Huangpu River Capital
- Series B, Dec 23, 2014, $25M — Granite Asia, Founders Fund, Greycroft, First Round Capital, DST Global, Rainfall Ventures, Lead Edge Capital, Social Starts, Signia Ventures, AME Cloud Ventures, Max Ventures
- Series A, Apr 16, 2014, $6.3M — Greycroft, First Round Capital, Eniac Ventures, Social Starts, Signia Ventures, BoxGroup, FJ Labs, Max Ventures
- Seed, May 1, 2013, $1.1M — Bessemer Venture Partners, Eniac Ventures, Social Starts, Digital Entertainment Ventures, Basset Investment Group, Max Ventures

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed, Series A, Series C
- Social Starts (https://capitalatlas.ai/funds/social-starts) — Seed, Series A, Series B
- Digital Entertainment Ventures (https://capitalatlas.ai/funds/digital-entertainment-ventures) — Seed
- Basset Investment Group (https://capitalatlas.ai/funds/basset-investment-group) — Seed
- Max Ventures (https://capitalatlas.ai/funds/max-ventures) — Seed, Series A, Series B
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A, Series B
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A, Series B
- Signia Ventures (https://capitalatlas.ai/funds/signia-ventures) — Series A, Series B, Series C
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series B, Series C
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series B, Series C
- Rainfall Ventures (https://capitalatlas.ai/funds/rainfall-ventures) — Series B, Series C
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series B
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Series B
- Light Street Capital Management (https://capitalatlas.ai/funds/light-street-capital-management) — Series C
- SFA Partners — Series C
- blisce/ (https://capitalatlas.ai/funds/blisce) — Series C
- Uncommon Denominator (https://capitalatlas.ai/funds/uncommon-denominator) — Series C
- Huangpu River Capital (https://capitalatlas.ai/funds/huangpu-river-capital) — Series C
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series C