Wedding-Planning Startup Zola Raises $100 Million
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Airbnb Inc. in travel, Uber Technologies Inc. in transportation, Zillow Group Inc. in real estate: Most industries have been changed dramatically by tech startups in recent years. Zola Inc. just tied the knot on a big financing round to try to do the same for the costly and complex business of weddings.
The startup, led by former Gilt Groupe executive Shan-Lyn Ma, said Thursday it raised $100 million from investors including Comcast Corp. and Goldman Sachs Group Inc. The deal values Zola at about $600 million, according to a person familiar with the deal.