Minted Valuation, Funding & Investors

Minted is valued at $700M as of December 2018.

Last Minted valuation

$700M

Series E · Dec 2018

Last Minted funding round

$208M

Series E · Dec 2018

Cumulative funding Minted raised

$287M

across 3 funding rounds

Key investors in Minted

Minted Overview

About Minted

Minted is a San Francisco-based online design marketplace, founded in 2007, that connects independent artists and designers with consumers to create custom stationery, wall art, party decor, and home decor products. The platform crowdsources artwork and graphic design from a global community of creators, addressing the stationery, art, and home decor markets. Minted also produces artist-designed textiles and home goods, such as pillows, curtains, and table linens, manufactured on demand.


Founded

2007

HQ

United StatesUnited States

Website

minted.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$700M (Dec 2018)

Minted Valuation

Minted is currently valued at $700M, based on its Series E in December 2018. Read the announcement ↗

The $208M round was led by Permira and T. Rowe Price.

Minted's valuation has grown 1.6x from $428M at its Series D in October 2014 to $700M in December 2018, across 2 priced rounds.

Minted valuation by funding round

Minted valuation by funding round
DateStageValuation
Dec 2018Series E$700M
Oct 2014Series D$428M

Minted Funding History

Minted has raised a total of $287M across 3 funding rounds.

Minted's first fundraising round was a $41M Series C in October 2013. The most recent completed round was a $208M Series E in December 2018.

Minted funding rounds

Minted funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2018Series EPermira (lead); T. Rowe Price (lead)$208M$700MMinted is an online marketplace founded in 2007 that connects independent designers and artists with consumers to create custom stationery, wall art, party decor, and home products. The platform crowdsources graphic design and artwork from a global community of creators and addresses major markets including the $10 billion stationery sector, $48 billion art market, and $100 billion home decor market. In December 2018, Minted closed a Series E funding round of $208 million led by Permira and T. Rowe Price, bringing its total funding to $297.37 million across seven rounds since its 2008 seed funding.
Oct 2014Series DNorwest (lead); TCV$38M$428MMinted, an e-commerce platform for artist-designed stationery, art prints, and home goods, raised $37.68-$38 million in its Series D funding round on October 30, 2014, led by Norwest Venture Partners with participation from Technology Crossover Ventures (TCV). This followed prior rounds including Series C in October 2013 led by TCV for $41 million. The funding supported expansion into new product categories and enhanced manufacturing capabilities. Post-money valuation reached $427.62 million, with a price per share of $12.83 and approximately 2.94-3.03 million shares outstanding in related cap table data. Total funding to date across rounds exceeded $250 million by later stages, culminating in a Series E of $208 million in 2018 at undisclosed valuation.
Oct 2013Series CTCV (lead); Marco DeMeireles; Slow Ventures; Jeremy Stoppelman; Benchmark; Marissa Mayer; Julia Hartz; Allen & Company$41M-Minted is a lifestyle brand and developer of a design marketplace that connects users with artists to create customized products. The company, founded in 2007 and headquartered in San Francisco, operates in the consumer and lifestyle e-commerce sector. In its Series C funding round on October 16, 2013, Minted raised $41 million led by TCV, with participation from Allen & Company, Benchmark, Jeremy Stoppelman, Julia Hartz, Marco DeMeireles, Marissa Mayer, and Slow Ventures. The motivation was to support growth and expand into new product categories. Prior rounds included a Seed in July 2008 for $2.5 million and Series A in September 2008 for $2.1 million led by Ridge Ventures. The Series C followed Series B in 2011 for $5.5 million. Subsequent rounds were Series D in October 2014 for $38 million led by Norwest Venture Partners to launch new products and enhance manufacturing. Total funding across rounds reached approximately $297 million by later stages, with Series E in 2018 for $208 million involving T. Rowe Price and Permira. TCV, a private equity and venture capital firm focused on technology including internet and software, has a track record with companies like Facebook, Netflix, and Spotify.

Who has invested in Minted?

11 investors have backed Minted across its funding rounds, including TCV, Norwest, Slow Ventures, T. Rowe Price, Benchmark and Permira.

Lead investors include Permira, T. Rowe Price, Norwest and TCV.


Minted Investors

Investors in Minted by funding rounds participated
InvestorHQRoundsRoleFirst check
TCVUnited StatesSan Francisco, CA2LeadOct 2013
PermiraUnited KingdomLondon1LeadDec 2018
Marco DeMeirelesUnited StatesNew York City, NY1ParticipantOct 2013
Slow VenturesUnited StatesSan Francisco, CA1ParticipantOct 2013
Jeremy StoppelmanUnited StatesSan Francisco, CA1ParticipantOct 2013
BenchmarkUnited StatesSan Francisco, CA1ParticipantOct 2013
Marissa MayerUnited StatesSan Francisco, CA1ParticipantOct 2013
NorwestUnited StatesMenlo Park, CA1LeadOct 2014
T. Rowe PriceUnited StatesBaltimore, MD1LeadDec 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Minted

Minted has acquired 1 company to date.

Last acquisition by Minted was on March 3rd 2016. Minted acquired Guildery for undisclosed valuation.


Latest Acquisitions by Minted

Guildery
Description
Guildery is a New York-based e-commerce platform specializing in customized home textiles using digital printing on fabrics. Customers design pillows, rugs, and upholstery with unlimited patterns from a library of licensed art or uploads. Leveraging dye-sublimation technology, Guildery produces items on-demand without minimum orders. Partnerships with artists and brands like Scalamandré enable premium fabrics. Launched in 2016, the company targets the mass customization segment of the home decor market.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date3 Mar 2016
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Minted Competitors

Minted competitors include listed companies like Betterware de Mexico, Victorian Plumbing Group, WeBuyCars and ASOS, and private ones like Doublefs and PharmEasy.

Public and private companies comparable to Minted
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Betterware de MexicoMexicoMexicoPublicly listed$756M$139M$626M1.1x
Victorian Plumbing GroupUnited KingdomUnited KingdomPublicly listed$409M$36M$360M0.9x
DoublefsChinaBeijingPrivate--$700M-
PharmEasyIndiaMumbaiPrivate$679M-$710M1.0x
WeBuyCarsSouth AfricaSouth AfricaPublicly listed$1.6B$88M$689M0.5x
ASOSUnited KingdomUnited KingdomPublicly listed$3.3B($61M)$688M0.5x

Minted Public Comps

Minted is still privately-owned, but its public comps include Wish, Wickes Group, WeBuyCars, ASOS, almeera, Bxn Holding, AO World, ASKUL, Betterware de Mexico and Cello World.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wish-($31M)--(43.6x)-
Wickes Group$2.2B$237M0.7x0.6x6.0x5.7x
WeBuyCars$1.6B$88M0.5x0.5x9.4x8.2x
ASOS$3.3B($61M)0.4x0.5x(23.0x)6.2x
almeera$799M$83M1.1x1.1x11.0x13.9x
Bxn Holding$777M$101M0.7x0.7x5.4x5.1x
AO World$1.7B$103M0.4x0.4x6.2x5.8x
ASKUL$2.5B($99M)0.3x0.3x(8.2x)37.2x

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Common questions about Minted

When was Minted founded?Minted was founded in 2007.
Where is Minted headquartered?Minted is headquartered in United States.
Is Minted publicly listed?No, Minted is a private, VC-backed company.
What is Minted's valuation?Minted was last valued at $700M in its Series E in December 2018.
How much funding has Minted raised?Minted has raised $287M across 3 funding rounds.
What was Minted's last funding round?Minted's last funding round was a $208M Series E in December 2018, led by Permira and T. Rowe Price.
Who are Minted's investors?Minted's investors include TCV, Permira, Marco DeMeireles, Slow Ventures, Jeremy Stoppelman, Benchmark, Marissa Mayer, Norwest, T. Rowe Price, Julia Hartz and 1 other.
Which companies are comparable to Minted?Companies comparable to Minted include Betterware de Mexico, Victorian Plumbing Group, Doublefs, PharmEasy, WeBuyCars and ASOS.
How many companies has Minted acquired?Minted has acquired 1 company, including Guildery.

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