Gilt Groupe Seeks $138 Million Series E
Following months of rumors, New York-based fashion site Gilt Groupe has filed to raise $138 million in a Series E offering, according to Private Equity Hub. The filing authorizes the sale of about 5 million shares at $27.68 a piece. Gilt holds online limited-time “flash sales” of deeply discounted clothing, home decor, travel, and more. The company previously raised more than $80 million in several financing rounds from investors such as Matrix Partners and General Atlantic. Its expansion plans include a full-priced men’s site, which will launch this summer.
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