Joy

Joy

Digital platform for wedding planning services

About Joy

Simplify's Rating
Why Joy is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

AI & Machine Learning

Consumer Goods

Company Size

201-500

Company Stage

Series B

Total Funding

$104.2M

Headquarters

San Francisco, California

Founded

2016

Overview

Joy is a digital platform designed specifically for wedding planning, offering a variety of services to assist engaged couples. The platform includes tools for gift registries, guest list management, wedding invitations, and smart RSVPs, all aimed at simplifying the wedding planning process. Couples can use the free planning hub to organize and track every detail of their wedding. Joy differentiates itself from competitors by providing a zero-fee cash fund feature, allowing couples to receive cash gifts without incurring additional charges. The platform also utilizes artificial intelligence to offer personalized suggestions for registry gifts and wedding hashtags, along with expert advice from fashion designer Rachel Zoe. Joy's goal is to be a comprehensive one-stop solution for all wedding-related needs, making the planning experience easier and more enjoyable for couples.

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Simplify's Take

What believers are saying

  • Joy raised $20M to expand its product and headcount in 2023.
  • The trend of virtual weddings supports Joy's virtual event hosting capabilities.
  • Partnership with Rachel Zoe enhances Joy's brand and product offerings.

What critics are saying

  • Increased competition from platforms like Zola offering similar services.
  • Potential privacy concerns with cash-sharing service integrations.
  • Economic downturns may reduce consumer spending on weddings.

What makes Joy unique

  • Joy offers a zero-fee cash fund for wedding gifts, unlike competitors.
  • The platform integrates AI for gift suggestions and wedding hashtag ideas.
  • Joy provides a comprehensive digital solution, from invitations to virtual wedding events.

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Funding

Total Funding

$104.2M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$60M
Joy
$65M
Substack
$100M
ClickUp

Benefits

Competitive compensation & equity packages

Flexible PTO

Remote work

Generous Holidays

Medical, dental, vision, life, & disability insurance

401k

Team retreats & events

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

2%
Forbes
Jan 18th, 2023
Rachel Zoe Invests In Joy, An Online Resource For All Things Wedding

Rachel Zoe, the celebrity stylist and designer of an eponymous collection, has signed on through Rachel Zoe Ventures as an investor in Joy, an online site that has everything a bride and groom need to plan and execute their wedding, from invitations and an all-in-one registry, to inspiration for ...

Forbes
Jan 18th, 2023
Rachel Zoe Invests In Joy, An Online Resource For All Things Wedding

Couples can design Save the Date and wedding invitations with the help of Joy. Courtesy of JoyRachel Zoe, the celebrity stylist and designer of an eponymous apparel collection, has signed on through Rachel Zoe Ventures, as an investor in Joy, an online web site that has everything a couple need to plan and execute their wedding, from invitations and an all-in-one registry, to personal web sites and inspiration for honeymoon spots.“Me and my cofounders were working at Microsoft MSFT and Adobe ADBE ,” said Vishal Joshi, CEO and cofounder of Joy. “We never thought we’d spend the rest of our lives planning weddings and events, but my cofounder’s sister, Annie, was getting married and she told us, “How come I have better apps to take pictures of my breakfast than I have for my wedding.“We said, ‘Really, there is nothing?’ We knew technology and we knew design so we combined beautiful design with smart technology to make planning people’s most important life moment joyful,” said Joshi.Zoe is not a passive investor. A partnership with Zoe and Joy is launching today with the stylist offering an Expert Curation of products she loves for the happy couple. “Fifty percent of couples said their biggest pain point was building their wedding registry and researching the items to choose. We thought, ‘Wow, can we do something that would be special,’” said Joshi

Joy
Nov 30th, 2022
Wedding Registry | Your All-in-One Gift Registry

Joy, Inc. has integrated with your favorite cash-sharing services such as Venmo, PayPal, and Cash App, so that guests can easily and conveniently send funds to couples, without being charged a credit card processing fee or any other fee.

Finsmes
Sep 3rd, 2021
Joy Raises $20M in Funding

Joy, a San Francisco CA-based wedding tech solutions company, raised $20M in funding. The round was led by Valor Siren Ventures with participation from Ashton Kutcher, Guy Oseary’s Sound Ventures, Zola Global, Avalon Ventures, and Sierra Ventures. The company intends to use the funds to double its investment in product and headcount, expand its All-in-One […]

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