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.
Author: Arlene Weintraub
Arlene is an award-winning journalist specializing in life sciences and technology. She was previously a senior health writer based out of the New York City headquarters of BusinessWeek, where she wrote hundreds of articles that explored both the science and business of health. Her freelance pieces have been published in USA Today, US News & World Report, Technology Review, and other media outlets. Arlene has won awards from the New York Press Club, the Association of Health Care Journalists, the Foundation for Biomedical Research, and the American Society of Business Publication Editors. Her book about the anti-aging industry, Selling the Fountain of Youth, was published by Basic Books in September 2010.
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