Highland Capital Partners, a venture firm with offices in Lexington, MA and Silicon Valley, joined BDC Venture Capital in a $12 million funding round for Montreal, Canada-based Beyond the Rack, TechCrunch reported on Friday. Beyond the Rack is an Internet startup that offers members-only sales on designer items, usually lasting only a few days. Highland has backed other companies in the fashion and e-commerce spaces, such as StyleFeeder, Gemvara, and Rent the Runway, according to the firm’s website. I didn’t hear back from Highland at the time of publishing this brief, but I’ll be sure to update this space if the firm provides any additional details on the Beyond the Rack financing.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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