Gilt Groupe Garners $138,000,000 Series E Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=37327988-05ca-4324-9a43-0895ab1626d3&Preview=1 -
Date
5/9/2011 -
Company Name
Gilt Groupe -
Mailing Address
2 Park Ave. Fourth Floor New York, NY 10016 -
Company Description
Gilt Groupe provides invitation-only access to highly coveted products and experiences at insider prices. Each day, Gilt offers its members a curated selection of merchandise, including apparel, accessories and lifestyle items across the women’s, men’s and children’s categories. -
Website
http://www.gilt.com -
Transaction Type
Venture Equity -
Transaction Amount
$138,000,000 -
Transaction Round
Series E -
Proceeds Purposes
The funding will go towards launching new verticals and making acquisitions to get into new markets. In the next couple of months, Gilt has committed to launching a gourmet food site and a full-priced men’s online retail apparel site, but others are also on their way. -
M&A Terms
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Venture Investor
SoftBank Capital -
Venture Investor
Goldman Sachs -
Venture Investor
Matrix Partners -
Venture Investor
Draper Fisher Jurvetson -
Venture Investor
Pinnacle Ventures -
Venture Investor
TriplePoint Capital -
Venture Investor
Eastward Capital -
Venture Investor
General Atlantic
