E-commerce platform Beyond the Rack nets $25 mln in additional financing
Beyond the Rack, a Montréal-based online shopping club for designer brand apparel, accessories, beauty, and home decor products at up to 80% off retail, has secured a new financing round totaling $25 million. The round was led by Investissement Québec, Iris Capital and Tandem Expansion Fund, and included the participation of current investors Highland Capital Partners, Panorama Capital, BDC Venture Capital IT Fund and iNovia Capital. Proceeds of the investment will be used to further accelerate strategies for long-term growth of the company and its active customer base. Founded in 2009, Beyond the Rack has raised close to $109 million in venture capital funding since 2010.
26 November 2013•5 mins read
