According to Reuters, a person familiar with the matter said that the furniture retail site Wayfair raised about $150 million with a valuation of about $2 billion. Wayfair rival OneKing's Lane said on Thursday that the company raised $112 million in a valuation of $912 million. According to the person familiar with the matter, the leading investor in Wayfair's financing is T.RowePrice. In recent years, T. RowePrice has repeatedly invested in companies in the early stages of development, including Twitter. A spokesman for Wayfair and T. RowePrice did not comment on this. The Wayfair business is growing fast. The above-mentioned insiders said that the revenue of Wayfair last year increased from about 600 million US dollars in the previous year to about 1 billion US dollars. Analysts pointed out that at present, only a very low proportion of furniture is sold through online shopping. However, with the age of users who are used to online shopping, the furniture sold through online shopping will grow rapidly. In the last round of financing at the end of 2012, Wayfair raised $36 million. Wayfair investors include BatteryVentures, GreatHillPartners, HarbourVestPartners and SparkCapital. (Editor: JN101)
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