NoMoreRack Secures $12,000,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0b7b2e6a-11c6-49aa-9a96-89d96b6ed09f&Preview=1
Date
12/1/2012
Company Name
NoMoreRack
Mailing Address
381 Park Avenue South New York, NY 10016
Company Description
Nomorerack.com is an online shopping destination that provides in-demand goods, at deep discounts.
Website
http://www.nomorerack.com
Transaction Type
Venture Equity
Transaction Amount
$12,000,000
Transaction Round
Undisclosed
Proceeds Purposes
With its new capital, NoMoreRack founder Melina Ash tells us that the startup plans to continue adding to its staff of 30 and will continue to scale operations, particularly abroad.
M&A Terms
Venture Investor
G-Market
Venture Investor
Undisclosed