Matrix Partners

Luxury Daily Deals Site Gilt City Picks Up BuyWithMe at a Discount

Tricia Duryee in Commerce on October 28, 2011 at 12:35 pm PT

Gilt City, the luxury daily site operated by Gilt Groupe, has agreed to acquire the assets of New York-based BuyWithMe, which had failed to raise more capital, according to sources.

Deal Gone Bad? BuyWithMe Struggles as Investors Sour on Groupon Clones.

Tricia Duryee in Commerce on October 25, 2011 at 8:53 pm PT

BuyWithMe, one of the early contenders in the daily deals space, has laid off a significant portion of its staff and is now in limbo as it finds raising more capital difficult.

JustFabulous Secures $33 Million to Make Subscriptions Fashionable Again

Tricia Duryee in Commerce on September 21, 2011 at 4:30 am PT

An old trend is coming back into vogue like a pair of skinny jeans with ankle zippers.

Why PayPal Paid $240 Million for Zong

Tricia Duryee in Commerce on July 8, 2011 at 6:29 am PT

PayPal has spent the past 13 years making payment easier for anyone who has an email address. With the acquisition of Zong, its focus can now shift to anyone who has a phone number.

Gilt Groupe Raises $138 Million from Softbank and Others for Growth, Acquisitions

Tricia Duryee in Commerce on May 8, 2011 at 11:00 pm PT

Gilt Groupe, the New York-based flash-sales site that offers discounts on apparel, travel, home decor and other categories, has raised a whopping $138 million in capital.

Meet Evan Reas of LAL and His Proximity-Based Social Graph for Colleges (Video)

Liz Gannes in Social on May 2, 2011 at 6:20 pm PT

The start-up LikeALittle, or LAL, had fended off NetworkEffect’s reportorial advances for weeks. Funny, considering the site helps people flirt with one another.

The Daily Bubble: Lead Generator HubSpot Grabs $32 Million From Salesforce.com, Sequoia and Google Ventures

Kara Swisher in News on March 8, 2011 at 1:27 pm PT

Another day, another honking big funding for another online start-up (and another broken embargo too!). It’s like Groundhog Day in Silicon Valley as usual. Today, Cambridge, Mass.-based HubSpot wins tech’s version of the lottery, grabbing $32 million from Sequoia Capital, Google Ventures and also Salesforce.com.

Zendesk, Growing Like Mad, Adds a COO

Arik Hesseldahl in Enterprise on January 24, 2011 at 9:00 pm PT

Both its revenue and its number of customers have tripled in the last year, so the Web-based help desk tracker is beefing up its executive team.

Gilt Groupe Leans on Mixture of Equity and Debt to Fund Growth

Tricia Duryee in Commerce on December 15, 2010 at 3:55 pm PT

Gilt Groupe has secured about $15 million in a line of credit, which we’ve learned was primarily used for building out a new warehouse in Louisville, Ky.