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

BY: 

Dave Forde
October 24, 2012

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.

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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