On February 1, 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 One King's Lane said on Thursday that the company raised $112 million with a valuation of $912 million.
According to the person familiar with the matter, the leading investment investor in Wayfair's financing is T.Rowe Price. In recent years, T. Rowe Price has repeatedly invested in companies in the early stages of development, including Twitter.
A spokesman for Wayfair and T. Rowe Price did not comment on this.
The Wayfair business is growing fast. The person familiar with the matter 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 Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital.
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