Montreal Start Up goes Beyond the Rack

Posted by Rob Lewis

TechCrunch reported this morning that private sample sale site Beyond the Rack has raised $2 Million in funding from Oleg Tscheltzoff and Oliver Jung, and Montreal Start Up.

This brings the Montreal-based startup's total funding to $4.5 million.

Similar to Gilt, HauteLook and Ideeli, Beyond the Rack is a members-only shopping site that offers steeply discounted (from 50 to 70 percent) on designer brand clothes, accessories and other goods. The site says that it is seeing 4 million monthly unique visitors, with revenue growing over 50 percent per month. And Beyond the Rack has 600,000 members after only 9 months of operation.

According to Compete.com, Beyond the Rack now leads the North American shopping club market in site traffic, both in total visits and unique visitors. Beyond the Rack attracted over 2.6 million unique visitors and 4.3 million visits in the month of December 2009.

Company:
Montreal Start Up
Website:
http://www.montrealstartup.com
Location:
Montréal, Québec, Canada

We invest in entrepreneurial teams with big visions and global aspirations looking to establish companies in Montreal. We provide seed level financing, as well as strategic and operational input, in order to help them turn their ideas into successful companies. We are looking to invest in software-based businesses in the Internet, wireless and media spaces. Our team has a deep understanding of, and extensive... more

Company:
Beyond the Rack
Website:
http://www.beyondtherack.com
Location:
Montréal, Québec, Canada

Beyond the Rack is a private shopping club for women and men who want designer brand apparel and accessories at prices up to 80% off retail. We obtain authentic designer merchandise and provide it exclusively to our members through limited-time events. Each event starts at a specific time and typically lasts only 48 hours. After each event ends the merchandise is no longer available. Members are notified by email... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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