Lockerz Funding Rolls to $45 Million
The possibility of raising more funds means the three-year-old company has already had a lot of success. The earlier $30 million came from high-profile investors like Kleiner Perkins’ sFund and Liberty Media. Last February it was reported to have 18 million members in 195 countries, and has eight original Web video series in production for 2011, one of which was launched last week. It has 73 employees, and nabbed Plixi, a photo-sharing site.
Lockerz, a fairly new social shopping network, just raised a big new round of funding. The Seattle based company has already closed $30 million with another round bringing the total amount of funding as high as $45 million. The news first leaked out through a regulatory filing noticed by GeekWire, and confirmed by Lockerz spokesperson via email, according to SocialBeat.
Seattle-based Lockerz is a social shopping experience targeting teens no older than 19. The users are rewarded with points for making friends, playing and shopping.
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