BeachMint Gets $10M

Santa Monica-based BeachMint said Monday that it has raised $10M in a funding round for its social commerce site. The firm, started by MySpace co-founder Josh Berman and Diego Berdakin, runs jewelry site JewelMint along with Kate Bosworth and celebrity stylist Cher Coulter. BeachMint said the funding round was led by Trinity Ventures, and also included Stanford University, New Enterprise Associates, and Anthem Ventures. BeachMint said the new funding will go towards hiring--with plans to double the firm's headcount over the next couple of months--as well as to launch new vertical and celebrity partnerships. More information »