Monday, June 18, 2007

Bag Borrow or Steal Adds $15M

Seattle-based Bag Borrow or Steal, an online retailer that allows women to rent designer handbags and jewelry, said Monday that it has raised $15M in a third round of funding. The round was led by Steelpoint Capital Partners and Madrona Venture Group, and also included Kuwait Holding Company, Hilltop Investments and individual investors. The firm said that the funding will go towards expansion into new luxury product categories and to expand its membership. More information »