What is Blitsy?
Founded in 2011, Blitsy Crafts has established itself as a leading provider of DIY project ideas and crafting supplies, catering to a global community of creative individuals and families. The company offers a diverse range of tutorials and inspiration across various craft disciplines, including paper crafting, needlecrafts, home decor, tie-dye techniques, and children's activities. With a presence in over 100 countries, Blitsy is committed to making creativity accessible and affordable, fostering a vibrant community dedicated to DIY projects and artistic expression.
How much funding has Blitsy raised?
Blitsy has raised a total of $13.3M across 5 funding rounds:
Angel/Seed
$1M
Debt
$1.6M
Other Financing Round
$965K
Series A
$3.6M
Series B
$6.2M
Angel/Seed (2013): $1M with participation from FireStarter Fund, Lakewest Venture Partners, Brian Spaly, Binh Tran, Chicago Ventures, and Lon Chow
Debt (2014): $1.6M led by Chicago Ventures
Other Financing Round (2014): $965K supported by Chicago Ventures, FireStarter Fund, and Lakewest Venture Partners
Series A (2015): $3.6M featuring Chicago Ventures, Greycroft Partners, FireStarter Fund, Lakewest Venture Partners, and DP Cap Acquisition Corp I
Series B (2015): $6.2M backed by DP Cap Acquisition Corp I, Hubert Burda Media, Chicago Ventures, and Greycroft Partners
Key Investors in Blitsy
Chicago Ventures
Chicago Ventures is a private equity investment firm that specializes in buyouts and late-stage growth equity investments, focusing on identifying strong business opportunities and managerial talent.
Greycroft Partners
Greycroft is a venture capital firm concentrating on investments in the internet and mobile sectors, leveraging its extensive network to support entrepreneurial growth.
FireStarter Fund
FireStarter Fund is an early-stage investment fund based in Chicago, dedicated to supporting technology companies through funding and mentorship from experienced entrepreneurs.
What's next for Blitsy?
The recent major strategic investment in Blitsy indicates a strong confidence from its backers in the company's future trajectory. This capital injection is likely to fuel further innovation in product development, expand Blitsy's digital content offerings, and potentially drive international market penetration. The company's focus on community engagement and diverse crafting solutions positions it well for continued growth in the expanding DIY and creative economy.
See full Blitsy company page
