On July 17, 2018, Inkbox announced that it has raised $17 million. The round was led by Maveron, along with participation from Founders Fund, Cassius, Golden Ventures, KDWC Capital, Flight Ventures and Novel TMT, while Silicon Valley Bank contributed $4 million in venture debt.
Inkbox plans to use the funding to expand its artist marketplace, invest in research and development of longer-lasting tattoos and colours, and scale its operations through strategic hires.
Inkbox is a Toronto-based semi-permanent tattoo company. Inkbox has sold 450,000 tattoos to customers in over 150 countries and currently has a team of 60.
Osler, Hoskin & Harcourt LLP represented Inkbox with a team consisting of Chad Bayne, Michael Grantmyre, Kevin Feng and Shubham Sindhwani (Corporate) and Martha Martindale and Marta Rochkin (Financial Services).