TOTSY, a New York-based private sale site exclusively dedicated to delivering deals on products for moms and children, closed a $5m Series A round of financing.
The round was led by DFJ Gotham and Rho Ventures.
The company intends to use the funds to continue to expand in the market. The round follows the recent acquisition of competitor bTrendie’s member base, which secured TOTSY as a leading private sale site dedicated to kids and parents in the U.S.
Launched one year ago by Guillaume Gauthereau, CEO, and Christophe Garnier, President and CMO, the company is focused on providing its members with access to essential products and brands designed for expecting moms, parents, babies and kids at low prices. Shopping events are designer-specific and held over a 72 hour period. TOTSY membership is free of charge and by invitation only.