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BeachMint Surfs Up With New VC Financing

Monday, June 20, 2011 5:36:00 AM PDT | VentureDeal Staff
   Santa Monica, California  --  Internet technology company BeachMint has secured $23.5 million in a new round of institutional venture capital investment.

BeachMint is developing and commercializing social commerce sites catering to specific vertical markets.

Scale Venture Partners and Lightbank were the lead investors in the round. Previous investors New Enterprise Associates, Trinity Ventures and Anthem Venture Partners also invested.

The company said it would use the funding to grow its existing brands and launch into new categories.

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