One Kings Lane Raises $23 Million in Financing
Furniture Today Staff -- Furniture Today, March 15, 2011
SAN FRANCISCO - Online retailer One Kings Lane, which sells furniture, decorative accessories, gifts, and other home décor, has raised $23 million in new financing from three existing investors and three new investors.
The new capital will be used to accelerate the growth of the retailer's membership by providing additional resources for merchandising, technology and innovation, the company said.
"One Kings Lane is truly reinventing how consumers find and purchase distinctive home products, building a new model where curation is king," said Doug Mack, CEO. "This new round of funding - led by two of the best tech investment firms - is tremendous validation of our company, and also provides us the fuel to continue to expand and break new ground in retail and ecommerce."
The funding was led by the investment firms Kleiner Perkins Caufield & Byers, an existing investor, and Greylock Partners. Also participating were existing investors First Round Capital and Reid Hoffman and new investors Triple- Point Capital and Marissa Mayer.
The company said James Slavet, a partner with Greylock Partners, will be an observer on the company's board of directors, joining Kleiner Perkins partner Bing Gordon in that role.
-
One Kings Lane raises $23 million in new financing
Feb 18, 2011
VIEW ALL GALLERIES
