Tech Company Financing Transactions
SmartBargains Funding Round
On 5/30/2006, SmartBargains raised $10 million in funding from Highland Capital Partners, General Catalyst Partners and Time Warner Investments.
Transaction Overview
Company Name
Announced On
5/30/2006
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors
Highland Capital Partners (Lead Investor) (Robert Higgins)
Proceeds Purpose
SmartBargains will continue to utilize the proceeds from this investment for capital needed to execute its strategic plan and mission. The company expects to grow its revenue significantly in the coming year through investments in expanded merchandise offerings, several new additions to its merchandising team and enhancements to its web site.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
101 S State Rd. 7 201
Hollywood, FL 33023
USA
Hollywood, FL 33023
USA
Phone
Website
Email Address
Overview
SmartBargains has reached millions of consumers with its high-quality, off-price merchandise. SmartBargains offers superior quality goods and top brands at up to 70% off retail value, providing its customers the very best in apparel, electronics, jewelry, home goods, and much more.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ben Fischman
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