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One Kings Lane Grows 500% In 2010, Takes $23 Million Investment

February 11th, 2011 02:00 admin Leave a comment Go to comments


One Kings Lane, cofounded by Zynga CEO Mark Pincus’ wife Alison Pincus, has raised its second round of financing.

And it’s a big one – $23 million in a round led by Greylock Partners and Kleiner Perkins Caufield & Byers.

Kleiner is a previous investor, as is Greylock Partner Reid Hoffman. The size of that previous round was never announced. Previous investors First Round Capital, as well as Hoffman, also invested in this round. As did TriplePoint Capital and Marissa Mayer (this is the first investment by Marissa that we’ve heard about).

The company also says that 2010 sales were up 500% over 2009, and more than 75% of sales come from repeat customers.

One Kings Lane is like Groupon with daily deals, but only handles upscale products for the home. Furniture, bedding, art, stuff like that. I’m a regular customer there, and the good stuff always sells out very quickly each morning.

The Pincus family is turning into a bit of an entrepreneurial dynasty.

Source: One Kings Lane Grows 500% In 2010, Takes $23 Million Investment

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  • http://www.thefrisky.com/post/246-qa-matchmaker-amy-laurent-on-starting-her-on-biz-and-helping-folks-find/ Amy Laurent

    I’m a regular customer there, and the good stuff always sells out very quickly each morning.

    [Reply]

  • http://www.gaudinporscheparts.com 2010 porsche cayenne parst

    One Kings Lane is like Groupon with daily deals, but only handles upscale products for the home. Furniture, bedding, art, stuff like that. I’m a regular customer there, and the good stuff always sells out very quickly each morning.

    [Reply]

  • http://www.designussion.com/category/wordpress/ design

    One Kings Lane is like Groupon with daily deals, but only handles upscale products for the home. Furniture, bedding, art, stuff like that.Their regular customer says that good stuff always sells out very quickly each morning.

    [Reply]

  • http://www.ecovillage.com/eco-news eco

    King Lane has a great turnover…It has a great customer who says that good stuff always sells out very quickly each morning….

    [Reply]

  • http://www.freightbrokering.info/freight-broker-ground-transport.html Frieght Brokering

    It is the reputated one…Kleiner is a previous investor, as is Greylock Partner Reid Hoffman…We always heard great feedback from here…

    [Reply]

  • http://www.theandysan.com/j-hass-group-debt-settlement J Hass Group

    Well they serves good that’s why 2010 sales were up 500% over 2009, and more than 75% of sales come from repeat customers…

    [Reply]

  • http://www.toyotapartscenter.net/ toyota camry parts

    Well King Lane has a great turnover…It has a lot of customers…It is the reputated one..Thanks for the post..

    [Reply]

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