Gilt Groupe Receives $35 Million

Posted May 15, 2010

Gilt Groupe is an online private sales startup company that has raised $35 million. Gilt is partners with several companies for cross-deal promotions such as and Conde Nast. Gilt expects to hit about $400-$500 million in sales this year. The company may plan to have an IPO in 2011. This new round of funding is an extension to a previous round and increases the valuation of the company. The lead investors are General Atlantic and Matrix. [paidContent]