Ideeli raised $12 million in a new funding round, bringing the total raised by the site to $112 million since it launched in 2007. Ideeli, one of the original flash-sale sites that debuted around the same time as Gilt Groupe, Rue La La and HauteLook, raised $30 million last year which it planned to use to expand beyond the flash-sale model.

Full Story:

Related Summaries