{"id":52018,"date":"2013-11-26T07:11:00","date_gmt":"2013-11-26T03:11:00","guid":{"rendered":"http:\/\/localhost\/?p=52018"},"modified":"2013-11-26T10:11:25","modified_gmt":"2013-11-26T06:11:25","slug":"beyond-the-rack-raises-25-million-more-and-hires-coo-from-amazon","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/beyond-the-rack-raises-25-million-more-and-hires-coo-from-amazon","title":{"rendered":"Beyond the Rack Raises $25 Million More and Hires COO From Amazon"},"content":{"rendered":"<p><img decoding=\"async\" style=\"float: right; margin: 5px 15px;\" src=\"\/public\/cache\/company\/220x145\/11434_beyond_the_rack_255255255.png\" alt=\"\" width=\"220\" height=\"145\" \/>Women&#8217;s Wear Daily <a href=\"http:\/\/www.wwd.com\/retail-news\/direct-internet-catalogue\/beyond-the-rack-hires-amazon-veteran-mike-bhaskaran-7291854?module=Business-Technology-bullet\">reported<\/a> late last night that Montreal&#8217;s Beyond the Rack has closed a sixth round of financing totaling <a href=\"http:\/\/www.prnewswire.com\/news-releases\/beyond-the-rack-gears-up-for-next-phase-of-growth-with-25-million-equity-round-233466431.html\">$25 Million<\/a> and brought on Amazon veteran Mike Bhaskaran as its chief operating officer.<\/p>\n<p><!-- pagebreak --><\/p>\n<p>The e-commerce retailer has added $25 million to its coffers through contributions from three new investors, Investissement Qu&eacute;bec, Iris Capital and Tandem Expansion Fund. Four other investors from previous rounds &mdash; Highland Capital Partners, Panorama Capital, BDC Venture Capital IT Fund and iNovia Capital &mdash; also participated.<\/p>\n<p>Including a $36 million investment round in 2011, the company has raised a total of just over $70 million. The first three rounds entailed angel investors only; the latter three have relied on institutional investors.<\/p>\n<p>With the additional capital, the company&rsquo;s founders and management &ldquo;still have important but not controlling interest,&rdquo; said Yona Shtern, cofounder and chief executive officer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Women&#8217;s Wear Daily reported late last night that Montreal&#8217;s Beyond the Rack has closed a sixth round of financing totaling $25 Million and brought on Amazon veteran Mike Bhaskaran as its chief operating officer. The e-commerce retailer has added $25 million to its coffers through contributions from three new investors, Investissement Qu&eacute;bec, Iris Capital and [&hellip;]<\/p>\n","protected":false},"author":54503,"featured_media":52020,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-52018","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/52018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/54503"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/52018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/52020"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=52018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=52018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=52018"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=52018"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=52018"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=52018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}