Man Crates Scores A $3.1M Seed Round From All-Star Group Of Investors

REDWOOD CITY, Calif., March 4, 2015 /PRNewswire/ -- Man Crates, the popular destination for awesome gifts for men, announced today that it has raised a $3.1 Million seed round from several high-profile investors. The company is backed by several well-known ecommerce and internet investors including Rothenberg Ventures, Sovereign's Capital, Eric Chen's OVO Fund, Sam Yagan's Corazon Capital, Tekton Ventures, Pete Koomen (Optimizely), Mac Harman (Balsam Brands) and the Founders of ApartmentList (John Kobs, Chris Herndon and Chris Erickson).

The news of the recent fundraising comes on the heels of news that Man Crates has continued its blistering 400% year over year growth during the 2014 holiday season. With very little marketing spend to date, Man Crates is a true "word of mouth" brand with a growing number of incredibly passionate customers. The company revealed its most recent Net Promoter score of 88, placing it ahead of some of the most well respected companies in the world — including Apple. Currently offering over fifty varieties of crates with prices ranging from $25-$180, Man Crates plans to expand its product offerings and diversify its portfolio in the coming year to capture an even larger share of the estimated $150B gifting market.

Man Crates currently employs over thirty people and aims to double staff by year's end to keep up with the ever increasing demand for its tastefully irreverent and unique products. The company is hiring across all functions with special emphasis on marketing, technology, creative and product development. In Q4 of 2014 Man Crates added its first east coast office, a fulfillment and shipping warehouse in New Jersey to ease the holiday rush and provide better and quicker customer service.  

"Almost three years ago, we started this company in my small Palo Alto apartment with an ambitious goal to reinvent men's gifting," said Man Crates Founder and CEO Jon Beekman. "The category has been long overlooked, filled with stagnant gifts like ugly neckties, cologne samples and executive trinkets. We offer gifts guys actually want, combined with an experience that's truly unforgettable — resulting in a bragworthy gift that consumers just have to share with friends and family. I'm thrilled to have the support of this amazing group of investors as we propel Man Crates through the next exciting phase of rapid growth."

About Man Crates
Founded in 2012, Man Crates is an e-commerce company that delivers awesome gifts for men. They pack gadgets, gear, and grub guys love into wooden crates, and ship every crate with a crowbar. All of the company's products help gift givers look like rockstars and recipients avoid the awkwardness of having to feign excitement when opening their gifts. Man Crates started with crates and now offers many different product lines all featuring the trademark irreverence, fun, and authentically masculine voice for which the brand has become known. Man Crates backs every product sold with an unconditional "High Five Guarantee" and legendary customer support as they rapidly become the destination for Men's gifts. More information is available at www.mancrates.com.

SOURCE Man Crates

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http://www.mancrates.com