Flash sales site Ideeli, which was founded in 2007, has raised $41 million in Series C funding led by Next World Capital with Cue Ball Capital, StarVest Partners, Constellation Growth Capital and Kodiak Venture Partner participating in the round. This bring’s Ideeli’s total funding to nearly $70 million
With over 4 million members, ideeli offers 50 to 70 percent discounts on clothing and… → Read More
Beyond the Rack, a members-only sample sale site has raised another round of funding. The startup has just announced a $12 million round of funding from Highland Capital Partners and BDC Venture Capital. This brings the Beyond The Rack’s total funding to $16.5 million.
Similar to Gilt, HauteLook and Ideeli, Beyond the Rack is a members-only shopping site that offers steeply discounted (from 50 to… → Read More
Online private sales is a growing business model that is rapidly becoming a staple of online shopping. Ideeli, Gilt Groupe, Vente-Privee, HauteLook and others are quickly gaining millions of users each and attracting significant amounts of venture funding. But the one issue I find with these sites is that it’s annoying to have to check each site every day for sales. I subscribe to almost a dozen… → Read More
We’ve written about the rapid growth of online sample sales; with the latest news coming from the rumored acquisition of European sample sale site Vente-Privee by Amazon for an estimated $3.01 billion . Today, online shopping site Ideeli, which was founded in 2007, has raised $20 million in funding, according to an SEC filing. We’ve contacted the company for further comment. Prior to this round of… → Read More
Sample sales are an amazing resource for marked down goods for both mainstream and luxury brands. Online private sample sales are picking up serious speed. Here is how they work: big designers, such as Marc Jacobs or Versace, place excess inventory on a sale site at 50 to 70 percent discounts over a several day period. The sales are private, available only to members, with upcoming sales from… → Read More
Thanks to a surge of consumers looking for deals in the recessionary economy, private online sample sales, which offer highly discounted merchandise from luxury retailers looking to unload excess inventory, is becoming a fast-growing business. BuyVIP, a European private online shopping club with more than 3.5 million members, just secured $14.9 million in Series A funding from Kennet Partners, … → Read More