One Kings Lane raises $112 million in funding
One Kings Lane is a home goods e-commerce company that has raised $112 million in funding. One Kings Lane launches new deals every day and they generally last 72 hours. The sales on the website have different themes such as “Ralph Lauren Home” and “Black and White Photography.” One Kings Lane was founded by Susan Feldman and Alison Pincus five years ago. Alison Pincus is the wife of Zynga founder Marc Pincus.
One Kings Lane reported revenue growth of 500% between 2009 and 2010 and it tripled between 2010 and 2011. One Kings Lane’s revenue surpassed $200 million in annual revenue in 2012. One Kings Lane has around 10 million users, which is up from 6 million a year ago.
This round of funding was led by new investor Mousse Partners. Other investors that participated in this round include Scripps Networks Interactive, Kleiner Perkins, Greylock Partners, IVP and Tiger Global Management.