What is LOLA?
Founded by Jordana Kier and Alex Friedman, LOLA distinguishes itself in the feminine care market by offering 100% cotton tampons and other period care products through a convenient subscription service. The company's commitment to transparency and quality has resonated with consumers seeking healthier alternatives. LOLA's business model, centered on direct-to-consumer sales, allows for a personalized customer experience and efficient inventory management, positioning it as a key player in the evolving landscape of personal health and wellness brands.
How much funding has LOLA raised?
LOLA has raised a total of $35.5M across 5 funding rounds:
Other Financing Round
$1.2M
Angel/Seed
$3M
Series A
$7M
Series B
$24M
Debt
$350K
Other Financing Round (2015): $1.2M with participation from BoxGroup and RSE Ventures
Angel/Seed (2016): $3M led by David Gilboa, Nathaniel Ru, 14W, BBG Ventures, Neil Blumenthal, BoxGroup, Expansion Venture Capital, Jonathan Neman, Jeffrey Raider, Lerer Hippeau Ventures, and Brand Foundry Ventures
Series A (2016): $7M supported by Spark Capital
Series B (2018): $24M, investors not publicly disclosed
Debt (2020): $350K backed by PPP
Key Investors in LOLA
Spark Capital
Spark Capital, founded in 2001 and headquartered in Chennai, India, is a full-service investment banking company.
14W
14W is an investment firm that supports early-stage companies. Their focus is on providing strategic backing to help businesses grow and innovate in their respective markets.
BBG Ventures
BBG Ventures invests in visionary entrepreneurs building the next generation of market-defining consumer products and services, with a specific focus on companies founded by women.
What's next for LOLA?
With the recent influx of capital, LOLA is poised to accelerate its strategic initiatives. This major enterprise-level funding, coupled with the recent strategic investment, suggests a focus on scaling operations, expanding its product portfolio beyond core offerings, and potentially exploring new market channels. The company's trajectory indicates a strong emphasis on innovation and customer engagement, aiming to solidify its position as a leader in the direct-to-consumer feminine wellness industry. Future developments may include enhanced digital marketing efforts and strategic partnerships to broaden its reach and impact.
See full LOLA company page
