Deal Announcements

Bag Borrow or Steal Bags $15 Million Series C

Tuesday, June 19, 2007 5:00:00 AM PDT | VentureDeal Staff

SEATTLE, WA -- Online retailer Bag Borrow or Steal announced that it has secured a third round of institutional financing in the amount of $15 million.

The company operates a website of the same name that allows women to borrow designer handbags and jewelry.  The funding proceeds will be used to expand the company's growth and the number of product categories it offers visitors.

Steelpoint Capital Partners and Madrona Venture Group led the round, which included investments from the Kuwait Holding Company, Hilltop Investments and individual investors.

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