HauteLook Snags $31M For Luxury Private Sales Site

Los Angeles-based HauteLook, an online private sales site backed by Insight Venture Partners, has raised $31M in a Series C funding round, the firm said today. The round also came from Insight. HauteLook said the funding will go to expand the company. HauteLook was advised by J.P. Morgan Securities in the deal. HauteLook is one of a number of private sale sites, which offer limited time sales deals on women's fashion, fashion brands, accessories, kids' clothing and toys, beauty, and other categories. The firm said it became profitable earlier this year, and now has more than 2.5 million members. More information »