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Flash Sales Site For Moms, Zulily Raises $85M From Andreessen Horowitz; Valued At $1B

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http://techcrunch.com – Zulily, a private-sale shopping site targeted at busy moms and their kids, has raised $85 million in Series D funding led by Andreessen Horowitz. Fortune reported that the site, which launched in 2009, was valued at $1 billion. This brings Zulily’s total funding to $139 million. The flash-sales site, which has 10 million members, features 35 new sales events daily that offer up to 70 percent off. Sales last an average of 72 hours and products range from clothing and toys to household goods and books. Zulily was co-founded by Darrell Cavens, the former senior vice president of marketing (IT news)