Ideeli raises USD30 million in 2nd fundraising rowFriday, 22 June 2012
Less than a year ago, the company raised USD40 million from Next World Capital with Cue Ball Capital, StarVest Partners, Constellation Growth Capital and Kodiak Venture Partners. To date, Ideeli has raised about USD94.8 million.
In 2010, the company said its revenues totaled USD77.7 million, according to Inc. magazine, which also named it the the fastest growing company in the U.S.
Launched in 2007, the site offers curated fashion apparel, home décor and beauty products from more than 3,000 vendors. It currently has 5.5 million members and competes locally against the likes of Gilt Groupe and Rue La La.