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June 07, 2007
Vente-Privee.com Taps Summit Partners
Vente-Privee.com sold a 20 percent stake to Summit Partners, the US based late stage venture investor, according to a press release from Summit [via unquote.com]. The French startup is credited with pioneering the members-only offsale event online. And it's a model that is being copied at a fair clip now. But you can understand why Summit wanted in on this one. It employs more than 600 people and is on track for €300M in sales this year. It is based in Saint-Denis outside Paris.
ecommerce Guru Jacques Antoin Granjon Brings In US Investors
Read - ecommerce gurus from France
Posted on June 7, 2007 12:35 PM | Posted to News And Updates | Permalink
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