Total amount raised
$315 Millions
Latest funding date
11/1/2021
Location
LTK has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a unique solution for creators and brands to collaborate seamlessly.
Continue reading to delve into the details of LTK's funding journey and the key investors supporting this innovative platform.
What Is LTK?
LTK, formerly known as rewardStyle, is a platform that connects creators with brands to facilitate seamless collaborations. Founded in 2011 in Dallas, Texas, LTK has grown significantly over the years.
The company was established by Amber Venz Box and Baxter Box, who envisioned a space where influencers could monetize their content effectively. Today, LTK boasts a robust team of over 300 employees, working to support its innovative platform.
For more detailed information, you can visit their official website.
How Much Funding Has LTK Raised?
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: April 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial features for creators and brands.
- Series A
- Amount Raised: $15M
- Date: June 2015
- Lead Investors: Maverick Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities for a growing user base.
- Venture Round
- Amount Raised: $300M
- Date: November 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: $2 billion
- Motivation Behind the Round: To hire talent, accelerate technology development, and scale international presence.
Total Amount Raised: $315M. Current Valuation: $2 billion.
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Investment Advisers. It is known for making large-scale investments in technology companies with high growth potential.
- Investment Focus Areas: Artificial intelligence, robotics, IoT, telecommunications.
- Notable Investments: Uber, WeWork, DoorDash.
- Maverick Ventures
- Details: Maverick Ventures is a venture capital firm that invests in early to growth-stage companies. The firm is part of Maverick Capital, a global investment firm.
- Investment Focus Areas: Healthcare, technology, consumer products.
- Notable Investments: Not publicly disclosed.
- Bonanza Capital
- Details: Bonanza Capital is an investment firm that focuses on long-term growth opportunities. The firm has a history of investing in innovative companies.
- Investment Focus Areas: Technology, consumer goods, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for LTK?
LTK stands poised to capitalize on the burgeoning influencer marketing industry, with plans to hire extensively and develop new products for creators, brands, and shoppers. The $300 million investment from SoftBank Vision Fund 2 underscores the platform's potential to scale its international presence and enhance its technology offerings.
Future fundraising opportunities seem likely as LTK continues to grow, potentially seeking additional capital to support its ambitious expansion plans. However, the company may face challenges in managing rapid growth, staying competitive, and keeping up with technological advancements in a fast-evolving market.
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