General Catalyst Partners led a $20 million round for Plum Disctrict, a San Francisco-based local commerce platform for moms. New investors Comcast Ventures and Duke University contributed to the round, along with existing investor Kleiner Perkins Caufield & Byers. As a result of the funding, Raul Vazquez, the former president and chief executive of Walmart.com was named to the board of directors.
Plum District – the leading local commerce platform for moms, by moms – announced today that it has raised $20 million in Series C financing led by General Catalyst Partners. Additional participants include new investors Comcast Ventures and Duke University along with participation from existing investor Kleiner Perkins Caufield & Byers. Additionally, Raul Vazquez, former president and CEO of Walmart.com was named to the board of directors.
The $20 million round, which brings the total funding amount to $30 million, will be used to invest in company growth through geographic expansion, enhanced customer experience as well as continued investment in technology.
“This new round of funding will enable us to continue to deliver on the promise of building lasting relationships between moms and local merchants,” said Megan Gardner, CEO, Plum District.
“Additionally, we are thrilled to add a highly sought after new board member, Raul Vazquez. Raul has extensive leadership experience and in-the-trenches knowledge about e-commerce and retail,” said Gardner.
Amy Banse, Managing Director & Head of Funds, Comcast Ventures, also joins the Plum District advisory board.
In addition, Neil Sequeira, a partner at General Catalyst who has served as a board observer since the previous round of financing, will join the board of directors.
Plum District is currently in 27 markets and employs over 300 mom consultants.
About Plum District
Plum District (www.plumdistrict.com) is the leading local commerce destination for moms, by moms. Plum District is a community of moms sharing offers from local and national merchants for other moms to enjoy. Plum District puts Mom first by connecting her with products and inspirations that make her life easier. We know moms are looking to indulge, explore, nest, nibble, play, splurge and give – our goal is to make Mom’s day, by offering her great values for her and her family. Our mom consultants work with each merchant to develop a customized marketing program to attract and retain high-value customers. Based in San Francisco, California, Plum District is in 27 markets across the United States.
About General Catalyst Partners
General Catalyst Partners is a venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals’ extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst has offices in Cambridge, MA and Palo Alto, CA.