BeachMint Gets $23.5M

Santa MOnica-based BeachMint, the celebrity e-commerce site started by former MySpace founder Josh Berman and Diego Berdakin, said Friday afternoon that it has raised $23.5M in a new funding round. The round was led by Scale Venture Partners and Lightbank. Prior investors New Enterprise Associates, Trinity Ventures, and Anthem Ventures also participated in the new financing round. Lightbank is the venture capital firm of Groupon founders Eric Lefkofsky and Brad Keywell. As part of the funding, Sharon Wienbar of Scale Venture Partners joins the company's board, with Lightbank receiving an observer seat. BeachMint operates JewelMint, a jewelry site run with Kate Bosworth and Cher Coulter, and is set to launch StyleMint, a site with Mary-Kate and Ashley Olsen, in a few weeks. More information »