Hollar Inc., a year-old start-up aiming to re-create the dollar-store experience for the smartphone-shopping era, has raised $30 million from investors. Hollar's second major batch of funding, announced early Thursday, suggests that the company is making significant progress toward its goal. Chief Executive David Yeom said Hollar exceeded $1 million in monthly sales within its first six months, but he declined to disclose current usage or sales figures. As part of the financing, the company is leaving Santa Monica for the City of Commerce, where it is moving into a 200,000-square-foot facility once used by 99 Cents Only Stores, Yeom said. The relocation solves what he considers his biggest regret over the last year: Hollar’s workforce was separated between a Santa Monica office and a Vernon warehouse.

Source: Los Angeles Times November 03, 2016 13:00 UTC