Wantable, Inc. (www.wantable.com), the leading category specific in-home shopping service for women closed a $2.03 million Series B funding round February 29th and filed with SEC on March 14th. Investors include both Wisconsin and California-based groups. The investment will enable Wantable to continue to expand its business and will accelerate Wantable’s mission of moving the shopping experience from the department store and into the customer’s home.
Wantable previously raised $2.3 million in two rounds of financing, bringing the company’s total funding just over $4.3 million. The company’s annual revenue has grown more than 13,000% since 2012 and is on pace to triple revenue in 2016.
“Wantable’s approach is unique in that it moves the shopping experience from the department store to the customer’s living room,” commended Wantable’s President, Jalem Getz. “Customers no-longer want to drag their friends to the mall, they would rather get input via text messaging or social without the sales pressure or the time constraints associated with traditional store-based shopping,” he added.
Founder and President Jalem Getz is no new comer to startups. his last company, BuySeasons, initially raised $2.5 million and was sold to Liberty Media in 2006. When Jalem left BuySeasons in 2010, the company had annual revenue in excess of $165 million.
About Wantable, Inc.
Wantable offers an in-home personal shopping service, delivering hand-picked assortments of specialty products to buy men and women on a reoccurring basis. Each month, stylists hand-pick beauty, fashion, accessories, intimate apparel, fitness apparel, and ready-to-wear apparel from boutique, specialty, and premium vendors to ensure that each shipment is filled with the best on-trend items each month.
Wantable, Inc. boasts 55 full time employees working in Milwaukee’s Walker’s Point, including Jalem Getz, founder and president. Prior to Wantable, Inc., Mr. Get founded BuySeasons, Inc. in 1999 , and served as President and CEO until 2010. BuySeasons is the largest online retailer and supplier of costume and party supplies. Prior to starting BuySeasons, Getz co-founded specialty retail company, GMI in 1995. GMI quickly became one of Wisconsin’s fastest growing companies and the largest seasonal retailer in Milwaukee.