Wayfair.com, an online retailer of home goods and furnishings, has secured $36.3 million in new equity financing. The financing will be used to fuel the growth of Joss & Main, the company’s private sale site for the home. Investors include Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital.
Joss & Main has acquired nearly three million members and is operating at a $100 million annual revenue run-rate, says the company. A division of Wayfair.com, Joss & Main is a membership-based website that offers home decor and curated collections. Members of the private sales site can explore curated collections of furniture, housewares, decor and accents through limited-time sales. Joss & Main released a mobile app earlier this year .
[Image courtesy: Wayfair.com]