The rule of three pops up everywhere in fairy tales and fables. Goldilocks visits the home of the three bears, the wicked Queen visits Snow White three times, the three little pigs, and Aladdin gets three wishes from his genie. Today, it popped up in venture capital land, with three noteworthy funding announcements to report.
At last, being a Nasty Gal is paying off
Online fashion company Nasty Gal announced a significant second round of funding today, following on the [platform-studded high] heels of a $9 million Series A that closed just six months ago. The site is billed as a “global online destination for fashion-forward, free-thinking girls.”
On Nasty Gal, shoppers find a selection of vintage and non-vintage apparel hand-picked by a legion of style mavens seeking out original and provocative pieces. Both rounds were led by Index Ventures, which also invested in Etsy. Nasty Gal’s valuation is now set at $240 million and is projected to bring in $128 million of revenue this year. Read more on VentureBeat.
ClearSlide nets $28M to give sales teams better presentation tools
Sales communications startup Clearslide has raised $28 million in its second round of funding aimed at opening a New York City office, developing new products, and increasing marketing efforts, the company announced today.
ClearSlide offers its customers cloud-based apps for giving presentations without the friction and hassle associated with services like WebEx and GoToMeeting. On top of phone, web, and e-mail presentation tools, it also gives sales people analytics tools to keep teams on message and establish best practices. Read more on VentureBeat.
SimpleTuition takes loan to help students manage their own
SimpleTuition took a $5 million venture loan today. SimpleTuition is a site that helps students manage their finances. The company’s mission is to make higher education more affordable to students and their families by providing tips, advice, and interactive tools to plan and track expenses. The loan came from Horizon Technology Finance Corporation. SimpleTuition previously raised three rounds of institutional investment, coming to a total of $17.9 million.