Zlio Secures $4 million In Series A Funding

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Social ecommerce site Zlio has secured $4 million in Series A funding in a round led by Mangrove Capital Partners.

The announcement coincides with an important milestone for the Paris based company; Zlio has now reached 100.000 shops with 2.5 millions unique visitors per month.

Zlio gives users the ability to create their own shops and sell goods from other ecommerce services. Users can stock their store with over three million products and earn commissions on every item bought from their Zlio Shop in a similar fashion to a regular affiliate program.

Zlio made headlines in May when Amazon banned Zlio users from promoting Amazon products on Zlio shops.

The company was launched in September 2006 by Jeremie Berrebi, ex founder of Net2one (sold in April 2004), David Levy & Jean Guetta. Mangrove Capital Partners is best known for its early investment in Skype.

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