Gilt Groupe Garners $138,000,000 Series E Funding Round

  • Feed Type
  • 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
  • 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