Itâs become crystal clear over the past couple of years that Brit Morin, the former Googler who has been dubbed Silicon Valleyâs answer to Martha Stewart, is not just another 20-something woman operating a pretty lifestyle blog. Since its late 2011 launch, Brit + Co. has emerged as a full-fledged technology and media company, complete with a staff of 16, more than 100 editorial contributors, its own suite of mobile apps, big name brand partnerships, and an e-commerce arm.
Now Brit + Co. is primed to take all of this to the next level, with the close of a $6.3 million round of funding led by Oak Investment Partners.
The new round, which serves as Brit + Co.âs Series A (the company closed on a $1.25 million seed last year), also included the participation of Index Ventures, Lerer Ventures, Aileen Leeâs Cowboy Ventures, Yahoo CEO Marissa Mayer, entrepreneur Karl Jacob, and longtime Facebooker Katie Zacarian.
The Series A also marks the formation of Brit + Co.âs board of directors, which now includes Oakâs Fred Harman, who steered Oakâs quite successful investment in Huffington Post among other big media deals, and iVillage co-founder Tina Sharkey along with Ms. Morin. Also coming on board as advisors are One Kings Lane exec Sascha Jamall and Apple vet Allison Johnson.
In an interview this week, Brit Morin told me that the new funding comes on the heels of some pretty impressive growth. âSince this time last year weâve grown by 11x, and our users are super-duper engaged,â she said. âOut of our monthly uniques, 50 percent come on a weekly basis, and 20 percent on daily basis.âSince 60 percent of all Brit + Co. visitors access the site through mobile devices, either on one of Brit + Co.âs mobile apps (the company has built native apps for iOS, Android, and Windows devices) or the mobile website, a big focus for the company going forward will be on more fully building out its mobile platform. Also in the works will be expanding Brit + Co.âs social community features.
Itâs that Silicon Valley perspective â" building solid technology to underlie the content â" that Morin says really sets Brit + Co. apart from other players in the lifestyle-driven new media space, from Gwyneth Paltrowâs GOOP and beyond. She put it this way:
âI donât really know of any other company thatâs at the intersection of tech and DIY. I like to say that we see importance in helping people manage their homes just as in helping them manage their homescreens. Todayâs millenial digital consumer wants to see order and creativity both online and offline.
Itâs important to us that weâre building everything in house. A lot of media companies will outsource [the building of] all their apps, but we take design really seriously. We spend a lot of time thinking about simplified user interfaces, new user experiences, and things like that.â
Not surprisingly, another big focus going forward will be on letting people purchase more DIY-maker-meets-techie-meets-fashion stuff through its platform. âA big portion of the new funds will go into creating a bigger strategy around commerce,â Morin said.
But there is no rush to that front, as Morin points out that Brit + Co. has already been making money through day one. âWe make money through partnerships, advertising, events, subscription commerce, premium services like the custom domains on Weduary,â she said. âThat diversified revenue model we have is appealing to a lot of investors.â
That appeal is certainly evident with todayâs news. Itâll be exciting to see where Brit goes in the months ahead.
Founded in late 2011 by Brit Morin, Brit + Co. is an online community and e-commerce platform that provides tools to teach, inspire and simplify everyday life. Brit and her fellow makers and DIYers curate ideas for creative living, making and doing in the digital age on Brit.co. The Brit + Co. Shop lets users purchase Brit Kits subscriptions as well as projects featured across the siteâs Living, Tech, Food, Style and Health categories. To stay up to date...
Brit Morin is the founder & CEO of Brit + Co., an online community for creative living, making and doing in the digital age. Brit has had the opportunity to partner with like-minded brands such as 3M, Fab, Intel, LâOreal, Nikon, UNIQLO and Velcro to further her aspirations of teaching people how to live more simply and creatively. When sheâs not coming up with inventive ideas to share with her fellow makers, Brit can be seen on Katie as Katie...
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