US-based wedding registry platform Zola confirmed a $25m series C round yesterday backed by Comcast Ventures and BBG Ventures, respective subsidiaries of mass media group Comcast and online media company AOL.
The round was led by venture capital firm Lightspeed Venture Partners and included Canvas Ventures, Thrive Capital, Female Founders Fund and company co-founder Kevin Ryan.
Zola operates an online site through which couples can register for presents, experiences or money. The series C capital will support marketing, customer service and the strengthening of Zola’s technology.
TechCrunch first reported news of the round last month but did not mention the participation of any of the investors apart from Lightspeed and BBG, though it heard from sources close to the matter that Zola secured the capital at a $225m post-money valuation.
The round brings Zola’s total funding to more than $40m, $10m of which was raised in a series B round featuring BBG Ventures that closed in November 2015.
Shan-Lyn Ma, Zola’s founder and CEO, said: “In just three years, 7 million guests have attended a Zola wedding. This additional investment will allow us to continue to innovate in the category, and continue to make the registry experience as seamless as possible for engaged couples and their guests.”