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April 28, 2011 05:59 pm GMT

Flash Sales Site Ideeli Raises $41 Million

Flash sales site Ideeli, which was founded in 2007, has raised $41 million in Series C funding led by Next World Capital with Cue Ball Capital, StarVest Partners, Constellation Growth Capital and Kodiak Venture Partner participating in the round. This bring's Ideeli's total funding to nearly $70 million With over 4 million members, ideeli offers 50 to 70 percent discounts on clothing and accessories over a several day period. The sales are private, available only to members, with upcoming sales from brands announced via emails. Products include clothing for men, women and children as well as jewelry, handbags and home accessories.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/b0-oFn4ap9I/

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