Online electronics store NewEgg files for $175M IPO
NewEgg, a consumer-facing online retailer that sells computer components and other electronics, including software, digital cameras, cell phones and laptops, has filed to go public, expecting to raise $175 million, reports PE Hub. Founded in 2001, the company says it brought in $2.2 billion in revenue in the last year alone. That’s a pretty solid figure for a niche site competing with Amazon and Best Buy’s web property, among others.
Insight Venture Partners stands to benefit… Continue Reading
MyThings snags $5M to keep track of your stuff
Anyone who has dug through their inbox for online purchase receipts or tracking numbers — or forgotten that they even bought something that never showed up — will likely have built-in appreciation for the concept behind MyThings, a web service that keeps track of what you buy and the clutter of email that comes with it. The London-based company just raked in $5 million in second-round financing, but hasn’t yet disclosed what it will be… Continue Reading