Private-sale or “sample sales” sites are big business these days. NYC-based Gilt Groupe does around $200 million in revenue and is looking to go public. Amazon was rumoured to be buying Vente Privee, a French sample sales site, for $3 billion.
The round was led by Maveron, a venture capital firm founded by former banker Dan Levitan and Starbucks chief executive Howard Schultz. The site launches as a private beta in the first quarter of 2010.
Disclosure: Gilt Groupe shares investors with The Business Insider.