Mountain View, Calif. -- Polyvore, the Mountain View-based developer of an online fashion community, said it has raised $14 million in its third round of funding, led by DAG Ventures. New investors Goldman Sachs and Vivi Nevo, as well as previous backers Benchmark Capital and Matrix Partners also participated. With the latest news, co-founder and CEO Pasha Sadri will now focus on product strategy and engineering full-time as CTO, with co-founder Jess Lee transitioning from vice president of product to the role of CEO. Polyvore is known for its fashion "sets" -- digital collages that users create by combining products from across the web. The site now has more than 13 million unique monthly visitors. "We plan to use the funds to recruit more engineering talent and accelerate our rapid growth," said Sadri.
http://www.polyvore.com
http://www.businesswire.com/news/home/20120123006406/en/Polyvore-Announces-14-Million-Series-Funding
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