One Kings Lane Lands $40M
One Kings Lane -- "One of my favorite home décor flash sale sites, writes Vator News' Faith Merino -- already raised a $23 million Series B round earlier this year. "With more than two million members, One Kings Lane is now exceeding $100 million in yearly revenues after experiencing an 'explosive 2010' in which annual sales jumped more than 500%, with 75% of those sales coming from repeat customers," according to Merino.
With success, however, comes more competition. This past March, Gilt Groupe acquired luxury home décor site Decorati, and soon after debuted Gilt Home -- a home goods branch offering steep discounts on everything from rugs and pillows to cookware and appliances.