One Kings Lane, an ecommerce company for home decor, has raised $50 million in Series D financing led by Institutional Venture Partners (IVP) with additional investment from Kleiner Perkins Caufield & Byers (KPCB), Greylock Partners, Tiger Global Management, and new investor, Scripps Networks Interactive, the home to TV shows like HGTV and The Food Network. This brings the total amount raised… → Read More
E-commerce startup One Kings Lane is one of the first flash sales sites to partner up with a digital catalog company – in its case, the startup is joining forces with Catalog Spree, which lets shoppers browse on both the iPad and web. This is also Catalog Spree’s first deal with a non-traditional retailer, the company says. Typically, the startup works with brands and retailers like Nordstrom… → Read More
As Susan Feldman waited outside the Southwest Airlines arrivals terminal at Los Angeles International Airport in October 2008, she had a nervous feeling in her stomach, which she compares to blind date jitters.
Except this wasn’t your traditional blind date. Feldman was meeting Ali Pincus, her soon-to-be co-founder, for the first time. They had spoken over the phone after a mutual friend set… → Read More
As I’ve written about before, we’re in an amazing period of the consumer Internet. Despite a shaky economy, many web companies are in hypergrowth. This is reminiscent of the five-year period over a decade ago when companies like Amazon, Netscape, eBay, Yahoo, Google and PayPal were built.
One challenge, which isn’t new, is the battle for consumer attention. If you’re looking to… → Read More
Fresh off a $40 million raise, flash sales site for home décor, furnishings and accessories One Kings Lane, is bringing on a new CFO from eBay, Dinesh Lathi. In his new role, Lathi will lead finance, operations and customer service for the retail asite and will join the company’s management team.
Previously, Lathi was employed by eBay where he spent nearly seven years. He most recently… → Read More
Over two million users strong, flash sales site for home décor, 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… → Read More
I happened to be watching my new favorite show, Bravo’s Million Dollar Decorators, last week and noticed a very familiar name. The show, which follows five LA-based, high-end interior designers in their industry, prominently featured One Kings Lane, the Kleiner Perkins and Greylock-backed flash sales site for home décor, furnishings and accessories.
In an episode that aired a few weeks ago, One… → Read More
It’s no secret we’re big fans of One Kings Lane, a Kleiner Perkins and Greylock-backed flash sales site for home décor, furnishings and accessories. Today, the e-commerce startup is launching a new feature called Downstairs, which will give the site’s members deeper discounts on a selection of items; with prices up to 80 percent off retail.
Until now, discounts have remained in the 50 percent… → Read More
Editor’s note: This guest post is written by Aileen Lee, Partner at Kleiner Perkins Caufield & Byers. Aileen focuses on investing in early stage consumer internet ventures and previously worked at Gap, Odwalla, The Northface and Morgan Stanley. She was also founding CEO of KP-backed RMG Networks. Full disclosure: some of the companies mentioned below are KP-backed companies. You… → Read More
James Slavet is a partner at Greylock Partners, and just co-led the new $23 million financing of One Kings Lane.
E-commerce was an innovation wasteland for most of the past decade. While social media companies such as YouTube, LinkedIn, Facebook and Twitter were growing exponentially, breakthrough new commerce start-ups have been few and far between. As our friends at First Round Capital noted in… → Read More
One Kings Lane, cofounded by Zynga CEO Mark Pincus’ wife Alison Pincus, has raised its second round of financing.
And it’s a big one – $23 million in a round led by Greylock Partners and Kleiner Perkins Caufield & Byers.
Kleiner is a previous investor, as is Greylock Partner Reid Hoffman. The size of that previous round was never announced. Previous investors First Round Capital, as well as… → Read More
Flash sales site One Kings Lane has made its first acquisition today, purchasing publishing design firm Helicopter. Terms of the deal were not disclosed.
We’re big fans of One Kings Lane, the Kleiner Perkins backed startup cofounded by Ali Pincus and Susan Feldman. The site offers deep, limited discounts on home décor, furnishings, accessories, and gifts. → Read More
Flash commerce site One Kings Lane continues to tear things up. The Kleiner Perkins backed startup cofounded by Ali Pincus (Zynga’s Mark Pincus is her husband) has just hired Greg Fant as Chief Marketing Officer.
Fant is a ten year veteran of eBay – his most recent job, ending today, was vice president of North America marketing where he managed a team of more than 100 employees.
In a recent… → Read More
One Kings Lane isn’t just a hot flash commerce site. It’s a hot commerce site that has been backed by Kleiner Perkins, First Round Capital and Reid Hoffman. And cofounder Ali Pincus is married to Mark Pincus of Zynga fame.
The site launched in May 2009 and offers users deeply discounted high end home furnishings via daily sales. Like Groupon most of the inbound traffic comes from daily emails… → Read More
Flash sales sites like Gilt Groupe have proven to not only be a popular e-commerce experience, but also a profitable business model. In fact, Gilt is on track to hit $450 million in revenue this year, with rumors of an IPO swirling. But while Gilt pioneered clothing and accessory-focused flash sales, One Kings Lane entered the space last year as one of the first sites to go after the home goods… → Read More
Poking fun at their more gilded competitors, group-buying site Groupon announced its April Fool’s launch of Groupöupon. As far as April Fool’s jokes go, the site is pretty convincing. It’s actually not far off from some of the pitches we see for elitist group buying startups. I was almost fooled, until I saw the umlaut (a bit much), and the fact that for each featured item, Groupöupon’s price… → Read More
One Kings Lane, an e-commerce startup that operates a private sales website dedicated to home furnishings, decor, and related products, has raised an undisclosed amount of funding in a round led by Kleiner Perkins Caufield & Byers, with First Round Capital and angel investor Reid Hoffman participating.
One Kings Lane was started by Susan Feldman and Alison Gelb Pincus, who took notice of the… → 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
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