| Feb 14, 2011 |
One Kings Lane raises $23 million to grow membership
Boh staff
By Staff

One Kings Lane announced Friday that it has raised $23 million from new investors Greylock Partners, TriplePoint Capital and Google executive Marissa Mayer. Existing investors include Kleiner Perkins Caufield & Byers (KPCB), First Round Capital and LinkedIn founder Reid Hoffman.

Greylock partner James Slavet joins Bing Gordon of KPCB as observers to the One Kings Lane board of directors, which includes Aileen Lee, partner at KPCB; One King Lane founders Susan Feldman and Alison Pincus, wife of Zynga CEO Mark Pincus; and CEO Doug Mack.

Since its launch in March 2009, the site has enjoyed continued increase in sales, which have risen more than 500% year after year, with over 75% from repeat customers.

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