Flash Sales Site And Gilt Competitor Beyond The Rack Raises $37 Million

Flash sales site Beyond The Rack has raised $36.6 million in new funding led by Panorama Capital with Export Development Canada, Tandem Expansion Fund, Rho Canada, Inovia Capital, Highland Capital Partners and BDC Venture Capital participating in the round. This brings the startup's total funding to over $50 million. Similar to Gilt Groupe, Beyond the Rack is a members-only shopping site that offers steeply discounted (from 50 to 70 percent) on designer brand clothes, accessories, home decor and other goods. The site 5 million members, which is up from 1.5 million members in July of 2010.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/BCMZ7GAOR1o/

Sam Hornish Jr Mobil 1 Dodge Jamie Mcmurray Bass Pro Shops Tracker Chevrolet Jason Leffler Braun Racing Toyota