Zulily, a new online store offering daily sales events on top-quality apparel, has secured $43 million in venture capital funding. Meritech Capital Partners, the late-stage investment firm, led the investment with participation from existing investors. The company will use the additional capital for further appointments and to fund other marketing and growth initiatives. Craig Sherman of Meritech will join Zulily’s board of directors. This latest round brings the total funds raised to $53.6 million.
Click here for the release from Market Wire.