Wayfair raises $157M in funding

Date:
Friday March 07, 2014

Company Name:
Wayfair

Company Website:
http://www.wayfair.com

Categories:
Consumer Web, eCommerce, Internet

Deal:
Funding

Source:
http://bit.ly/1oE1Z6w

Wayfair, the largest online retailer of home furnishings and décor, today announced that it has raised $157 million in equity financing to fuel continued growth of the company’s portfolio of home brands. The Series B investment round, led by funds and accounts managed by T. Rowe Price Associates, Inc., encompassed a limited number of key investors, including industry leading growth focused mutual funds, as well as a private investment from Julie M.B. Bradley, TripAdvisor CFO and Wayfair board member.

“Wayfair is heading into 2014 with tremendous momentum and growth as more and more shoppers opt for one of our exceptional ecommerce shopping experiences,” said Niraj Shah, CEO and co-founder of Wayfair.  READ MORE