Little Black Bag Unwraps $8M More

Little Black Bag, the women's merchandise and online commerce site that is a take on the Japanese concept of a "lucky bag sale", has raised $8M in a Series B round, just six months after its Series A funding. The firm, which is based in Los Angeles, offers up personalized, "mystery bags" delivered to users, similar to a popular Japanese retail tradition where fukabukuro--lucky bags--are sold at special occasions to customers, usually containing a selection of merchandise worth more than what consumers pay for them. The new funding round was led by GRP Partners, and also included DCM. Both are existing investors in the company. Little Black Bag is headed by Dan Murillo. More information »


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