Memebox Raises $66M for its E-Commerce Platform

Memebox, an e-commerce company specializing in beauty products from Korea, has closed a significant $65.95 million Series C funding round to fuel further expansion.

The financing was led by new investor Formation Group, with participation from returning backers Tekton Ventures, Goodwater Capital and Pejman Mar Ventures. The deal takes Memebox, which graduated Y Combinator in 2014, to $95 million from investors to date. Its $17.5 million Series B round closed in March 2015.