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 is a website that was co-founded by Alison Pincus, the wife of Zynga CEO Mark Pincus. One Kings Lane raised a $23 million second round of funding led by Greylock Partners with participation from Kleiner Perkins Caufield & Byers. Kleiner Perkins is a previous investors and so is Greylock partner Reid Hoffman. Reid Hoffman, TriplePoint Capital, and Marissa Mayer also participated in this round of funding. One Kings Lane sales were up 500% over 2009 and over 75% came from repeat customers. One Kings Lane is very similar to Groupon as it is a daily deals website. [TechCrunch]