CSN Stores Raises $165M in First Round of Funding

CSN Stores, a Boston, MA-based online retailer of housewares and home furnishings, has raised $165m in equity funding.

Investors include Battery Ventures, Great Hill Partners, HarbourVest Partners, and Spark Capital.

The company intends to use funds to increase its ongoing expansion both internationally and in the U.S., target appropriate acquisitions, and expand marketing activities for Wayfair.com, a new brand launching later this summer, which will consolidate Cookware.com, Luggage.com, and Strollers.com into one site.

Founded in 2002 by CEO Niraj Shah and Chairman Steven Conine, CSN Stores plans to focus its brand family on three distinct brands:
– Wayfair.com,
– AllModern.com, and
– JossandMain.com.

CSN, which serves customers in the U.S., Canada, the U.K., and Germany, currently employs 800 employees with plans to reach 1,000 people by the end of the year.

FinSMEs

22/06/2011

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