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BuyWithMe Said to Have Found a BuyerBuyWithMe is being sold to Gilt Groupe, according to a report from Beta Beat http://www.betabeat.com/2011/10/28/after-big-layoffs-buywithme-being-acquired-by-gilt-groupe-slashes-more-staff/ Financial terms weren't disclosed. The daily deals site will officially become part of Gilt, an online seller of designer fashion, on Nov. 1, the story says. The sale comes after BuyWithMe reportedly laid off half http://www.bostonherald.com/business/general/view.bg?articleid=1374742&srvc=business&position=recent of its staff earlier this month. BuyWithMe has secured about $30 million in funding, Beta Beat says. This includes $5.5 million in funding from Matrix Partners in January 2010. BuyWithMe, the following July, scored another $16 million http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100707006318&newsLang=en in a round led by Bain Capital Ventures.
- Care.com Inks $25M, According to Filing
Care.com has raised $25 million in new funding, according to a regulatory filing http://sec.gov/Archives/edgar/data/1412270/000141227011000002/xslFormDX01/primary_doc.xml The company is an online search portal that helps people find caregivers – ranging from babysitters to housekeepers and senior caregivers. Care.com inked a $20 million round last year from investors including New Enterprise Associates, Matrix Partners and Trinity Ventures.
The Mobile ExplosionMobile is hot, especially where social meets local. Investors see the opportunity of a lifetime
- JustFabulous Seals Whopping $33M Series A
Fashion styling service JustFabulous has closed on $33 million in Series A financing from Matrix Partners and Technology Crossover Ventures. Former model and fashion executive Kimora Lee Simmons also participated, and will become the company’s president and creative director. Josh Hannah from Matrix Partners joins the board. On a monthly basis, members of JustFab.com receive a personalized delivery of shoes and handbags that have been chosen to fit their individual style. The new funding will be used for growth and international expansion.