Lovecraft secured an additional $22M funding from existing investors including Scottish Equity Partners (SEP), Highland Europe and Balderton Capital

LoveCrafts, a London, UK-based operator of an online crafts community, announced that it secured an additional $22m funding.

The money was raised from existing investos including Scottish Equity Partners (SEP), Highland Europe and Balderton Capital, alongside Silicon Valley-based debt providers TriplePoint Capital, to facilitate the deal and further invest in LoveCrafts.

At the same time, the company also announced the acquisition of WEBS, America’s Yarn Store.