Ideeli Announces $30 Million in New Funding

Online retailer ideeli announced a $30 million Series D financing from Credit Suisse and current institutional investors.

The capital will be used to further invest in the company’s infrastructure and develop ideeli’s customer data and insights.

“This new round of financing validates all that we have done to become a leading online retailer of aspirational and mainstream women’s fashion with over 5.5 million members and 3,000 brand partners,” Paul Hurley, CEO and founder of ideeli, said in a statement. “The investment will enable us to continue on our growth path as we transform our business beyond the flash sales model into the next generation of e-commerce.”