Date:
Tuesday June 21, 2011

Company Name:
Wayfair

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

Categories:
Consumer Web, Internet

Deal:
Funding

Source:
http://bit.ly/vfdealscsnstores

June 21, 2011: CSN Stores (www.csnstores.com), the second-largest online retailer of home goods in the U.S. (now larger than Crate&Barrel), is announcing its “first round” of $165 million, generated from four leading private equity and venture capital firms. The is the first institutional money CSN has raised in its nine-year history. It will expedite CSN’s expansion efforts and bolster the company’s brand new plan to consolidate its catalog under a new and more memorable brand, Wayfair.com. On the New Investors: Four prestigious investors will join CSN’s board and will be active advisors in its business now and a four or five years down the road when the company will likely consider an IPO. The investors, hand-chosen by CSN’s founders, are Battery Ventures, Spark Capital, HarbourVest Partners, and Great Hill Partners.