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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.
On November 1, 2007 Gilt Groupe announced raising $5 million in series A funding from Matrix Partners.
On August 11, 2009 Gilt Groupe announced raising $43 million in series B funding from Matrix Partners and General Atlantic.
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.
On December 15, 2010 Gilt Groupe announced raising $15 million in debt financing from TriplePoint Capital.
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.
On July 19, 2011 Gilt Groupe announced raising an undisclosed amount of funding from Sutter Rock Capital.
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.
