iDeeli just netted $41 million in series C round funding. That’s no small feat from an online hub for the “mass-affluent segment.” iDeeli is often perceived as a rival of Gilt Groupe, but the truth is it needs to expand badly so the VC cash couldn’t have come at a better time.
Here’s the opening salvo from the official press release:
“ideeli, Inc. (www.ideeli.com), the leading U.S. members only flash sale retail company in the mass-affluent segment, today announced the completion of its Series C financing of $41 million. Led by Next World Capital, the equity will be used to support ideeli’s continued rapid growth and brand expansion. Additional investors include Cue Ball Capital and current shareholders, StarVest Partners, Constellation Growth Capital and Kodiak Venture Partners.”
For the whole scoop, try a full dose of the source link below.
Via: Business Insider