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Gilt Groupe

Gilt Groupe

An online shopping website based in the United States selling clothing and home decor.

Gilt Groupe is an online shopping website based in the United States selling clothing and home decor that is headquartered in New York City, New York and was founded in 2007 by Alexandra Wilkis Wilson, Alexis Maybank, Dwight Merriman, Jason Binn, Kevin Ryan, Michael Bryzek, and Phong Nguyen. Gilt Groupe is a sub-organization of Rue Gilt Groupe.

Funding
Series A

On November 1, 2007 Gilt Groupe announced raising $5 million in series A funding from Matrix Partners.

Series B

On August 11, 2009 Gilt Groupe announced raising $43 million in series B funding from Matrix Partners and General Atlantic.

Series B II

On May 14, 2010 Gilt Groupe announced expanding their series B funding round with $35 million in more funding from Matrix Partners and General Atlantic.

Debt financing

On December 15, 2010 Gilt Groupe announced raising $15 million in debt financing from TriplePoint Capital.

Series E

On May 8, 2011 Gilt Groupe announced raising $138 million in series E funding from SoftBank Capital (lead investor), TriplePoint Capital, Pinnacle Ventures, New Enterprise Associates (NEA), Matrix Partners, Goldman Sachs, General Atlantic, Eastward Capital Partners, and DFJ Growth. At the time of raising their series E funding the company had a pre-money valuation of $862 million and a post-money valuation of $1 billion. The company also has not made a profit at the time of raising their series E funding round.

Venture round

On July 19, 2011 Gilt Groupe announced raising an undisclosed amount of funding from Sutter Rock Capital.

Series F

On February 16, 2015 Gilt Groupe announced raising $50 million in series F funding from General Atlantic (lead investor) and Saints Capital. The company plans on using their series F funding to increase its international expansion and marketing efforts.

Timeline

May 14, 2010
Gilt Groupe raises a $35,000,000 series C round from General Atlantic and Matrix Partners.
August 11, 2009
Gilt Groupe raises a $43,000,000 series B round from General Atlantic and Matrix Partners.
November 1, 2007
Gilt Groupe raises a $5,000,000 series A round from Matrix Partners.

Funding rounds

Patents

Further reading

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Documentaries, videos and podcasts

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News

Title
Author
Date
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Description
Jordan Crook
June 27, 2019
TechCrunch
Many, many startups have tried to work their way into the U.S.'s $76 billion wedding market. But Zola is one of the few that's truly carved a path in this massive industry. That's why we're so thrilled to have Shan-Lyn Ma, CEO of Zola, join us at Disrupt SF in October. After graduating with an [...]

References

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