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One Kings Lane Raises $23M

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Home-decor sales site One Kings Lane has raised $23M in Series B financing. According to Home Accents Today, the site saw sales grow by 500 percent year-over-year in '10, with 75 percent of sales coming from repeat customers. The new funds will help "accelerate growth of One King's Lane's membership base, providing additional resources for merchandising, technology and creative development." [HAT]