Gilt Groupe Raises $138M in Latest Round of Financing; Valued at Nearly $1B
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In a bid to expand its e-commerce empire, Gilt Groupe has raised $138 million in its latest financing round. Best known for its limited sales of women’s and men’s apparel, the Manhattan-based company has raised capital from several new investors, including Goldman Sachs, the media conglomerate Softbank Group, New Enterprise Associates and Draper Fisher Jurvetson Growth. Two previous investors, General Atlantic and Matrix Partners, also participated in the round, which values the company at about $1 billion.