HauteLook, members only shopping club, raised $10 million from Insight Venture Partners this week.
“We feel fortunate to be in the market at a time where our business model is resonating with customers and we are excited to accelerate our growth along with investing into our technology to improve the member experience. The financing will also help us provide our brand partners with the best tools and functionality to help them better leverage this evolving channel,” said Adam Bernhard, CEO of HauteLook. "Insight’s vision and portfolio make them the right partners for our company as we grow and expand. We anticipate an increase in our share of the online discount retail market and Insight’s track record shows they understand what it takes to drive success within the on-line retail industry.”
HauteLook is an exclusive private shopping club which offers its members branded goods at 40-75% off of retail prices. HauteLook operates a marketplace in which premium fashion & lifestyle brands host their own 24-48 hour private sales. HauteLook, which launched to the public in November of 2007, currently operates Women’s, Men’s, and Kid’s fashion, as well as Home verticals.
HauteLook was founded by Adam Bernhard (CEO)
Per the Company's twitter bio: "As the hottest thing to hit the fashion business in years, Hautelook offers 36-72 hour sample sales on premium brands, offering savings of up to 75% off!"