Regulatory filings released this week, highlighted that the high end fashion and decor flash sales site was acquired in its own flash sale by Bed Bath & Beyond for $11.78M. It was valued in late 2014 at $800M.
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Bed Bath & Beyond Paid Just $12 Million for One Kings Lane
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One Kings Lane was launched in 2009 by Ali Pincus and Susan Feldman as a Los Angeles-based flash sales site focused on high-end furniture and home decor. It would go on to raise more than $200 million in venture capital funding, from big-name firms like Greylock, Kleiner Perkins, Institutional Venture Partners, and Tiger Global. Its final outside funding round came in early 2014, at a post-money valuation north of $800 million.
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