One Kings Lane Raises $40 Million In Funding
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One Kings Lane is a flash sales website for accessories and home decorations. One Kings Lane has raised $40 million in a new round of funding led by Tiger Global Management. Institutional Venture Partners, Kleiner Perkins, and Greylock Partners has joined in this round of funding. One Kings Lane is now valued at about $440 million as the company raised $65 million in funding total.
One Kings Lane was co-founded by Ali Pincus and Susan Feldman in 2009. One Kings Lane revenue increased over 500% between 2009 and 2010. One Kings Lane CEO Doug Mack said that revenue is on track to surpass $100 million. One Kings Lane had a content deal with Million Dollar Decorators on Bravo this past summer. They also made a partnership with actress Gwyneth Paltrow for promoting her new cookbook.