One Kings Lane Raises $23 Million

Posted Feb 11, 2011

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]