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Refinery29 Raises $3.5 Million Through A Private Offering, According To SEC Filing

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http://techcrunch.com – According to a recent SEC filing, fashion news and e-commerce site Refinery29 has raised $3.5 million through a private offering from a total of seven undisclosed investors. The Web site, which focuses on trends and independent designers, has grown rapidly since it launched in 2005 in New York City. It now focuses on six cities (NYC, Los Angeles, San Francisco, London, Chicago and Washington D.C.) and boasts 30 million unique visitors per year, according to stats on its Web site. In 2012 the company expected to hit $20 million in revenue, with a quarter of that amount from advertising. Refiner (IT news)