Gilt Rival Ideeli Raises $41 Million

4/28/11

The proliferation of New York-based fashion websites continues: ideeli announced that it has raised a Series C funding round of $41 million. The company offers members-only, limited-time “flash” sales of clothing and other goods, making it a direct competitor of the better-known Gilt Groupe. The funding round was led by Next World Capital, with participation from Cue Ball Capital, StarVest Partners, Constellation Growth Capital, and Kodiak Venture Partners.

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