Beyond The Rack Gets $36M Investment

Beyond the Rack Gets $36M Investment

Beyond The Rack, the online flash sale leader in Canada, has closed on a new $36 million investment round led by Silicon Valley-based Panorama Capital.

Other investors in the current round include Export Development Canada, Tandem Expansion Fund, Rho Canada and Inovia Capital. Existing investors from an earlier round, Highland Capital Partners and BDC Venture Capital also were participants.

The e-commerce site so far has raised $53 million in total. This is the firm's third round of...