VC Investors Fund Discounts, Deals and Flash Sales in 2012
December 26, 2012
The post-Christmas season is notorious for screaming deals and plummeting prices as retailers make way for new merchandise. If you haven’t had it up to your eyeballs with holiday shopping, you might consider taking advantage of the growing list of companies offering flash sales, daily discounts, coupons and promotional deals. According to the PitchBook Platform, 21 companies offering discounts on goods and services have received VC-backing so far this year, with a special focus on startups in the early stages. In fact, 64% of the deals that took place in the industry were for early-stage startups. Companies in the later stages made up 24%, while the remaining 12% were seed-stage investments. Notable deals included a massive $120 million financing for Fab.com, the developer of an online sales website, and an $85 million Series D round for Zulily, an online site offering flash sales for moms, babies and kids. Both deals closed in November.
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