Beijing time on July 18th afternoon news, according to U.S. technology blog site BusinessInsider reported that the United States flash purchase site Totsy announced on Tuesday that the company has completed the B round of financing, raising $18 million 500 thousand.
latest round of financing led by Vc firm Rho Ventures, the existing investment institutions DFJ Gotham also with the vote. Totsy’s business is to provide parents to buy baby products business, the company is expected to use the funds to acquire, promote sales growth, expand the scale of operations, etc..
Totsy co-founder Christopher · Garnier (Christophe Garnier) said in a statement: "this round of financing will support the strategic relationship, user growth plays an important role in our expansion. The Totsy team is excited about the new opportunities, goals and challenges of this round of financing."
Totsy revenue grew 125% over the past year, the number of registered users increased to 3 million. Previously, Totsy from DFJ Gotham and Rho Ventures financing $5 million. 2010, Totsy acquired rival Trendie.com. (sailing)