Quarterly Acquires Online Gift Service 12Society

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Subscription-based gifting service Quarterly has acquired West Hollywood based celebrity gifting service 12Society.  The terms of the deal was undisclosed.

Quarterly is backed by Collaborative Fund, Initialized Capital, SV Angel, and True Ventures.  12Society charges around $39 per month for a box full of hand-picked goodies from your favorite celebrities and athletes.

Some of the celebrities that use 12Society includes Nas (rapper), Blake Griffin (NBA player), and Nick Cannon (entertainer).

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