Bump Boxes launches a $1 million Bump Fund for mom-focused companies
Bump Boxes, a Peoria, IL-based subscription startup for mom and baby, today announced it will invest up to $1 million into early stage mom-focused companies in 2020. The news comes after the company has doubled revenue for three consecutive years and grown the team to nearly 50 employees.
Founded in 2014 by Christine Deehring and Leland Deehring, Bump Boxes is a monthly Pregnancy subscription box startup company. Bump Boxes provides tailored healthy products directly for expecting moms. To date, Bump Boxes has shipped over 500,000 boxes shipped to happy moms. Christine Deehring, CEO and co-founder, said that investing in other mom-focused companies is the next step in her vision for the company.
“As we enter our fifth year at Bump Boxes, our continued growth enables us to solve even larger challenges across our industry, including the lack of investment capital for women-focused and even women-owned businesses,” Christine Deehring added.
The company will begin investing in early stage startups, immediately, regardless of location. “We’re intentionally interpreting ‘mom-focused’ as broadly as possible,” said Leland Deehring, CIO and co-founder of Bump Boxes.
“It could be a company that directly sells to moms or moms-to-be. It could also be a company founded by a mom. What’s important is that the entrepreneurs are ambitious about their own growth. Whether they’re building an online business, an offline business or some combination of the two, we’ve got five years of real world experience to share. With Paul involved, we have access to ten additional years of investment experience and thousands of other entrepreneurs that have been enormously successful.”
Paul Singh, Bump Boxes CRO and founder of Results Junkies, an investment firm based near Washington, DC that has invested in thousands of entrepreneurs over the last decade, said Bump Boxes will seek out early stage entrepreneurs and make decisions quickly.
“I initially joined the company as an investor but quickly bought into Christine’s larger vision,” Paul Singh said. “We’re in a position to provide capital and functional expertise to other companies, that’s exactly what the best entrepreneurs expect today.”
“With Bump Boxes being closely held and Results Junkies being privately owned, we have an enormous amount of flexibility,” Paul Singh added. “We’ll invest in high growth companies. We’ll invest in Main Street companies. What’s important is that the entrepreneurs need to be ambitious.”
Dana Singh, Partner at Results Junkies, emphasized the Bump Fund’s focus on helping mom-led and women-led companies. “Results Junkies has already been funding women-led companies, and this partnership with Bump Boxes is only going to amplify that further,” Dana Singh said. “If you’re a mom or you’re serving a mom, we want to speak with you. Whether you’re high growth or more interested in steady growth, we may have a funding option for you.”