WeddingWire
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WeddingWire - overview
Established
2006
Location
Chevy Chase, MD, US
Primary Industry
Internet
About
WeddingWire is a comprehensive online platform that connects engaged couples with wedding vendors, offering tools for efficient wedding planning and vendor management. Founded in 2006 in Chevy Chase, US, WeddingWire is a platform that assists couples in organizing their weddings. In May 2018, Permira acquired a majority stake in WeddingWire from Spectrum Equity for USD 350. 00 mn.
The company has raised a total of USD 350. 00 mn through funding rounds, with the most recent being a Secondary Buyout. The current leadership team includes Fatima Copetillo, Stephanie Deneuve, and Timothy Chi. WeddingWire offers a suite of wedding planning services that includes a vendor directory with over 155,000 local professionals in various categories such as venues, photographers, and caterers.
The platform features user-friendly tools like customizable wedding websites, checklists, budget planners, and seating charts, catering to engaged couples across the United States, Canada, and selected international markets. WeddingWire generates revenue by connecting engaged couples with wedding vendors. The business model includes B2B and B2C transactions, where vendors pay for advertising on the platform. Additionally, subscription services are available for vendors to enhance their marketing reach, allowing couples to access essential tools for free while providing vendors with targeted visibility.
Following the acquisition by Permira, WeddingWire plans to utilize the investment to expand its presence in both the U. S. and international markets, capitalizing on the ongoing shift towards online advertising within the industry. Specific details regarding upcoming products or new markets have not been disclosed.
Current Investors
Permira, Catalyst, Southern Capitol Ventures
Primary Industry
Internet
Sub Industries
Event Management, Hospitality Services, Web Applications, Social Networking & Communication Platform, Search Engines
Website
www.weddingwire.com
Verticals
E-commerce, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
WeddingWire - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Zankyou Ventures SL | - | ||||||||
| Add-on | Completed | Hitched Limited | - | ||||||||
| Add-on | Completed | XO Group Inc. | - | ||||||||
| Add-on | Completed | GayWeddings.com | - | ||||||||
| Add-on | Completed | Wedding Planner | - |
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