SEASON 7 EPISODE 11
3D paper popup greeting cards for all occasions
Wombi Rose and John Wise
$300,000 for 10%
$300,000 for 15% ($2M valuation)
Lovepop is the 3D popup greetings card company on a mission to disrupt the $7B greeting card industry.
The card company uses the Asian art of sliceform kirigami – the cutting and folding of paper, to create its beautifully intricate designs.
Cards are designed with special ship design software and lasercut before each piece of paper is carefully assembled by hand.
BEHIND THE PAPER
Lovepop was created in 2014 by founders Wombi Rose and John Wise who first met as students in training to become naval architects.
The idea for Lovepop came after the duo discovered hand-crafted paper cards while on a trip to Vietnam. It wasn’t just the incredibly artistry that inspired them, but the expressions of awe on the faces of those they shared the hand-crafted cards with.
In late 2014, Rose and Wise finally launched out of the Harvard Innovation Lab with a Kickstarter crowdfunding campaign.
They easily surpassed their goal of $10,000 within a week and successfully raised over $23,000 with 454 backers.
Lovepop aired on Shark Tank in late 2015 where the Shark’s were quickly captivated by the 3D custom popup cards.
Kevin calls it “spectacular” and mentions that he has so many customers who would buy it but wonders why they cost so little.
Barbara doesn’t like the idea of a kiosk and goes out.
Lori feels the valuation isn’t right and also goes out, followed by Mark.
Finally, both Kevin and Robert each offer $300,000 for 20% which they eventually lower to 15% before Lovepop strikes a deal with Kevin.
LIFE AFTER SHARK TANK
After Kevin’s initial investment, Lovepop went on to raise another $6 million in Series A funding.
Within a year after appearing in the tank, Lovepop’s revenue has soared to over $8.7 million in sales while creating jobs for over 200 people.
On top of all that, they were granted the opportunity to make the winner announcement cards for the 2017 Billboard Music Awards!
Earlier this year, they raised another $12.5 million in Series A funding. The investments have brought Lovepop’s net worth to $21.2 million and have made them one of the Shark Tanks most successful businesses.
Lovepop has cards available for all occasions but you can
also order custom cards for weddings and other special events. Creating your elegant wedding invitation is now simple with Lovepop.
You can also find cards for your favorite movies and television shows like Star Wars, Jurassic World and Game of Thrones.