One Kings Lane (www.onekingslane.com), an e-commerce site dedicated to home furnishings, decor, accessories and gifts, announced today that it has completed a round of funding led by Kleiner Perkins Caufield & Byers. The round also includes funding from First Round Capital and angel investor Reid Hoffman. "We have been so impressed by the steep growth of the business and the loyal community One Kings Lane has built in such a short period of time," said Aileen Lee, partner, KPCB. "OKL's cofounders are building a great brand by making inspirational design and merchandise accessible to all. We're thrilled about OKL's growth potential." One Kings Lane was started by two friends, Susan Feldman (a former fashion sales executive) and Alison Gelb Pincus (whose background is in digital media). Both passionate home decor aficionados, they felt there was significant opportunity to bring the private sale model online in home furnishings and home decor. Since its launch in March 2009, the members-only site hosts 72-hour sales Monday through Friday beginning at 8 a.m. PT. From furniture to flatware, linen to lamps, decorative accessories to art, they offer a diverse assortment of high-end designer merchandise at discounted prices in limited quantities, obtained directly from designers. "Kleiner Perkins is a great partner for us," said Feldman. "Their leadership in understanding the future of online commerce is unparalleled and the guidance they provide us is extraordinary. We couldn't be more pleased to have them as our partner."
News categoriesAll News >
Everything you need to know about High Point Market this spring
Bobby Berk on his ‘Queer Eye’ fame and the opportunities it created
After a 30-year career, do I still need to belong to a professional association?
New Heritage Collection pays tribute to Bertazzoni’s 130-year historyTrade Shows | 02:26New Heritage Collection pays...
How Formica is reimagining laminate applicationsTrade Shows | 02:21How Formica is reimagining...
David Sutherland on where opportunity exists today
How Allied Maker went from woodworking garage to a $10 million business
How Catherine Connolly saved American textile maker Merida
The Inside's Britt Bunn on meeting modern consumer expectations
- In Print