Envelopes.com, a leading pure-play eCommerce retailer of envelopes, customized stationery, and complementary products received a “significant investment” from consumer and business services investor TZP Group in April 2015.
TZP Group focuses on investments in business and consumer services companies with annual EBITDA of less than $8m and that require equity investments of less than $25m.
Founded in 1971 and headquartered on Long Island, NY, Envelopes.com offers more than 3,000 SKUs and serves more than 80,000 business and individual consumers. The company clearly did not start as an internet-based business and by 2010, the company was on the Inc List of Fastest Growing Companies going from $9m in revenue in 2006 to $11m+ in 2009.
At the 2011 Inc Magazine Growco Conference, Envelopes.com President (and my friend & fellow-Long Islander) Seth Newman said “buying a killer domain name in our industry was important.” Thus the reported $400,000 the company paid for the domain name Envelopes.com in January 2010 (it was previously called Action Envelopes).
Clearly Envelopes.com has licked the competition these past five years and an investment from TZP ‘sealed the deal’ and will continue to fuel its growth!
Congratulations to Seth and the Envelopes.com team with its domain success!
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