TOTSY, a New York-based private sale site that offers deals on products for moms and kids, has closed a $18.5m Series B financing.
The round was led by existing investor Rho Ventures, with participation from DFJ Gotham.
The company intends to use the funding to continue to increase user acquisition, and expand sales and operational capacity efforts.
In conjunction with the funding, Rho Ventures’ Managing Partner Habib Kairouz, will join TOTSY’s Board of Directors.
Led by Guillaume Gauthereau, Co-founder and CEO, and Christophe Garnier, Co-founder, President and CMO, TOTSY provides members with access to essential products and brands designed for expecting moms, parents, babies and kids at sample sale prices.
Shopping events are designer-specific and held over a 72 hour period. Membership is free of charge and by invitation only.
FinSMEs
19/07/2012