One Kings Lane Raises $40 Million
Flash sale site One Kings Lane, which keeps UnBeige HQ stocked with substantially discounted scented candles, Jack Lenor Larsen-designed rugs, and unreasonably plush towels, has raised $40 million in a third funding round led by new investor Tiger Global Management. Joining the New York-based hedge fund were Institutional Venture Partners and existing investors Kleiner Perkins Caufield & Byers and Greylock Partners.
Founded in 2009 by Susan Feldman and Alison Pincus (who last year brought on Adobe veteran Doug Mack as CEO), One Kings Lane offers furniture, decor, art, and lifestyle products in the member’s only, limited-time e-commerce model pioneered by Vente Privee and first imported stateside by Gilt Groupe.
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