OKLAHOMA
CITY, July 25, 2024 /PRNewswire/ -- Wed
Society®, America's leading wedding industry franchise,
is thrilled to announce the successful closure of its Series A
funding round, securing growth capital at an impressive
$5.775 million valuation. This round,
fully subscribed in less than 40 days, marks a significant
milestone in the brand's journey, set to accelerate its national
expansion and establish a stronger presence across new markets in
the United States.
"This investment enables us to accelerate
our franchise expansion strategy"
"As the heartbeat of the wedding community, this funding is a
pivotal milestone," said David
Lewis, chief growth officer of Wed Society®.
"This investment enables us to accelerate our franchise
expansion strategy and bring our innovative platform to more
engaged couples and wedding vendors across North America."
Wed Society® has revolutionized the wedding industry
by connecting couples with highly curated local wedding vendors
through its robust digital, social, and print channels. The fresh
influx of growth capital will enhance the company's capabilities in
supporting franchisees who are providing localized marketing
exposure and exclusive events for member vendors, further cementing
their community impact.
"We have added or converted 11 franchise locations since the
start of 2024, and we are excited to extend our platform to new
franchise markets, continuing our mission of supporting engaged
couples and wedding industry vendors alike", said Wed
Society® co-founder Ashley Bowen
Murphy.
Wed Society® franchise owners play an integral role
in their communities, offering a low-overhead, home-based franchise
model with an impressive average annual revenue per market of
$681,000, according to Item 19 of the
Wed Society® franchise disclosure document.
"With nearly 250,000 weddings held annually across our
franchise markets, this funding will allow us to further expand our
headquarters support team and deliver industry leading resources to
our franchise owners and the wedding community at
large," added Kami
Huddleston, co-founder and creative director of Wed
Society®.
About Wed Society®:
Founded in 2007, Wed Society® is the premier wedding
media franchise, dedicated to showcasing inspirational local
weddings, connecting engaged couples with curated local vendors,
and hosting member exclusive events. Wed Society® is the
heartbeat of the wedding community. Discover more at
Franchise.WedSociety.com.
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SOURCE Wed Society