The subscription company will use the funds to expand.
By Jordan Crook.
LOLA, the first tampon subscription service to use 100 percent cotton tampons, is today announcing the close of a $3 million seed round of funding. The round was led by Lerer Hippeau Ventures with participation from Brand Foundry, BBG Ventures, BoxGroup, VaynerRSE, 14W, Seth Berkowitz, the founders of Warby Parker, Nicolas Jammet, Nathaniel Ru and Jonathan Neman, among others.
LOLA launched back in July after receiving $1.2 million in angel funding. The premise was simple. Replacing chemical-filled tampons from big manufacturers like Playtex and Tampax, LOLA created an all organic cotton tampon that would be delivered on-demand in the perfect quantity and composition for its users.
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