Polyvore Announces $14 Million in Series C Funding
Summary
Polyvore raised $14 million in Series C financing from DAG Ventures, Goldman Sachs, Vivi Nevo, Benchmark Capital, and Matrix Partners. The company also announced a leadership change, with Jess Lee becoming CEO and Pasha Sadri moving into a CTO role. Polyvore said it will use the money to hire more engineering talent and accelerate product development. The company highlighted strong growth in traffic and continued interest from fashion brands and retailers. The announcement points to ongoing expansion in its fashion discovery and brand marketing platform.
Funding
Amount
$14.0M
Total raised
Date
January 23, 2012
Announcement date
Investors
Goldman Sachs, Benchmark, DAG Ventures
Lead investors
Company
polyvore.com
Funded company
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