Totsy Raises $18.5 Million In Series B Funding
Totsy is a flash-sales website that offers deals to parents that are selling goods for babies and children. The company has just raised $18.5 million in a Series B round of funding. Totsy plans to use the funding for acquisitions and growing operations. Rho Ventures led the round of funding and DFJ Gotham also participated.
“This round of financing will be very instrumental in expanding strategic industry relationships and supporting the growth of our member base. The team at Totsy is excited to meet the new opportunities, goals, and challenges that this new round will bring,” stated Totsy co-founder Christophe Garnier.
Totsy’s revenue has grown 125% and users have grown to 3 million. Previously Totsy raised $5 million from Rho Ventures and DFJ Gotham. A couple of years ago, Totsy acquired bTrendie.com.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry