Thursday, October 14, 2010

Avelle Gets $1M In Debt Round

Seattle-based Avelle, which operates Bag, Borrow, or Steal, the online service which allows consumers to rent expensive women's handbags, has raised $1M in a debt funding round, according to a recent regulatory filing by the firm. The debt came from existing investors. Avelle has previously raised funding from Hilltop Investments, Impact Venture Partners, Kuwait Holding Co., Madrona Venture Group, Steelpoint Capital Partners, and Valence Capital. More information »