Gilt Groupe Raises $35 Million for New Initiatives
Gilt Groupe, a New York-based online luxury retailer, has raised $35 million in new VC funding. The company previously raised around $48 million from General Atlantic and Matrix Partners. No new board members are listed in the filing. A recent WSJ article quoted Gilt Group chairman Kevin Ryan as saying that the company generated $170 million in 2009 revenue in 2009, and could reach $400 million and $500 million by the end of this year. That same piece speculated about a possible IPO filing.
14 May 2010•1 min read
