Tuesday, May 12, 2009

HauteLook Gains $10M

Los Angeles-based HauteLook, which operates a private shopping club, said this week that it has raised $10M in a venture round from Insight Venture Partners. According to the firm, the company operates private sales where it offers brands at 40-75 percent off retail prices. Jeff Lieberman of Insight will join the firm's board along with the funding. HauteLook's founders include Adam Bernhard, Brett Markinson, and Konstantin Glasmacher. The funding is the second announced for a private sale firm in the last couple of weeks in Southern California; just last week, Rancho Dominguez-based Onestop Internet--also in the private sales business--scored $13.3M in its own venture round. More information »

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