Monday, September 19, 2011

Home Decor Flash Sales Site One Kings Lane Raises $40M, On Track For Over $100M In 2011 Sales

One Kings Lane-1Over two million users strong, flash sales site for home d�cor, furnishings and accessories�One Kings Lane, has raised $40 million in new funding from led by Tiger Global Management. �Institutional Venture Partners and existing investors Kleiner Perkins and Greylock Partners participated in the round, according to a�Wall Street Journal story, which reports that One Kings Lane was valued at $440 million post-investment. This round brings the startup's total funding to over $65 million. One Kings Lane, which was cofounded by Ali Pincus and Susan Feldman in 2009, offers deep, limited discounts on home d�cor, furnishings, accessories, wine, food and gifts. The site competes with Gilt Groupe, and fast growing design marketplace Fab.com.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/jEq5p3ZtsXM/

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