Chalkfly, the downtown Detroit-based school supplies startup, has raised $750,000 in a Series AA round.
The venture capital round of funding, Chalkfly's second, was led by
Detroit Venture Partners with
Ludlow Ventures, Griffon Ventures,
Start Garden and
Bizdom also contributing.
Chalkfly, which calls the M@dison Building home, focuses on selling office and school supplies online. It includes a philanthropic component that helps bring five percent of each purchase to local teachers and schools. The 8-month-old business offers more than 50,000 products, 24-7 live customer service, 365-day no-hassle returns and free overnight shipping.
"We have seen double-digit growth every month since we have started," says Andrew Landau, co-founder of
Chalkfly.
Andrew Landau started Chalkfly with his brother, Ryan Landau. Both have worked tech jobs at the likes of Google and IBM before returning to Detroit last year to launch their start-up. The company currently employs five people and is looking to add an intern this summer. Andrew Landau expects to double the staff of his company over the next 12 months and wants to create a business culture that would rival any other tech startup in the U.S.
"We want to be the best e-commerce place to work in Detroit," Landau says.
Source: Andrew Landau, co-founder of Chalkfly
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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