Beyond the Rack Secures $10 Million In Growth Funding From Wellington Financial

Wellington Financial LP made a pretty sizeable investment this week as the privately-held specialty finance firm invested $10 million venture debt financing into Montreal-base Beyond the Rack. Beyond the Rack is North America’s premier online shopping club offering its members top designer brand fashions, accessories, beauty and home décor products at deeply discounted prices.

Beyond the Rack is backed by leading venture capital firms including BDC Venture Capital, Export Development Canada, Highland Capital Partners, iNovia Capital, Panorama Capital, Rho Canada, and Tandem Expansion Fund.  Back in November 2011, they secured $36.6 million in funding, and in July of the same year started their US expansion through a partnership with another eCommerce retailer.