Bouqs launches $5M crowdfunding raise to support future store openings
Floral delivery company Bouqs has launched a crowdfunding raise seeking up to $5 million to help support future brick-and-mortar expansion.
The offering, which went live in mid-January on the DealMaker platform, requires a minimum investment of $500 at $2 a share. The investment documents show the company made over $90.3 million in sales in its last fiscal year and around $91 million the year before that.
John Tabis, co-founder of Bouqs, told Modern Retail the goal is to help fund the company’s next brick-and-mortar expansion. The company has inked a deal with a national retailer for 65 in-person locations, though details on where and what those will look like are still confidential. Tabis also said the company is exploring opportunities to acquire local flower shops from business owners who may be retiring, and to power popular local brands with the Bouqs supply chain and logistics operations.