Hollar set to shut down | PitchBook
Hollar, a Los Angeles-based operator of an ecommerce marketplace, is planning to wind down operations, according to Axios. Founded in 2015, the company has raised capital from investors including Lightspeed, Forerunner Ventures and Kleiner Perkins. Hollar was valued at $195 million in 2017, according to PitchBook data.
Report: Hollar Shutting Down
Los Angeles-based online "dollar-store" style e-commerce providerHollar is reportedly in the midst of winding down, according to a report on Tuesday. According to Axios, Hollar started looking for a buyer late last year, and is in a possible deal for the company's assets to be acquired by retailer Five Below--but without Hollar surviving the transaction.
Online dollar store Hollar to wind down
Hollar, an e-commerce company that raised more than $75 million in VC funding, is expected to wind down soon, Axios has learned from multiple sources. Between the lines: It's been a very tough month for direct-to-consumer startups, beginning with Casper Sleep's uninspired IPO and Monday's shutdown of SoftBank-backed Brandless.