Social Retail Site OpenSky Scores $30M Backing

Law360, New York (October 24, 2011, 12:03 PM EDT) -- Fledgling social retail site, characterized as "Twitter, but with shopping," has a powerful new investor, media-focused private equity giant Providence Equity Partners, which along with current backers has pledged $30 million in new financing, the site said Monday.

New York-based OpenSky, which launched April 5, said it has attracted 600,000 members in six months, who are hobnobbing with a shopping "dream team" including such television personalities as Bobby Flay and Padma Lakshmi.

OpenSky customers are able to create personalized shopping pages by choosing from the...
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