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Social Commerce Network Lockerz Raises $30 Million

April 12th, 2011 04:38 admin Leave a comment Go to comments

Social commerce network Lockerz has raised $30 million in new funding, according to a new SEC filing. We’ve confirmed the raise with a representative for the company. Lockerz previously raised $30 million from Kleiner Perkins’ newly launched sFund.

As we’ve written in the past, Lockerz revolves around the idea that influencers within a social network can become brand and content advocates and affect the behavior of their friends. The network, which has 18 million members worldwide, is primarily targeted towards men and women ages 13 to 30, attempting to build a community of trendsetters and tastemakers who love to shop, play and connect on the Web. Users can earn points and discounts on brands by sharing content on the site. Founded by Kathy Savitt, a former Amazon and American Eagle Outfitters exec; Lockerz eventually wants to be the go-to commerce homepage for teens and young adults.

In January, social commerce network Lockerz acquired photo sharing app Plixi as a way to boost photo sharing on its platform. The deal was reportedly between $10 million and $15 million.

The company also recently hired former Amazon exec Mark Stabingas as the company’s chief operating officer.


Source: Social Commerce Network Lockerz Raises $30 Million

Related Articles:

  1. sFund-Backed Lockerz Wants To Be A Social Commerce Destination For Young Adults
  2. Exclusive: Lockerz Acquires Social Photo Sharing App Plixi (Formerly TweetPhoto)
  3. Lockerz Rolls Out Rewards-Based Photo Sharing; Plixi Users To Earn Discounts Soon
  4. ShopSocial Raises $1.2 Million For Its “Commerce As A Social Service” Idea
  5. Social Commerce Platform 8thBridge Raises $10 Million
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