Zappos.com received an additional $15 million round of equity funding from Sequoia Capital. The funds will be used to support the company's rapid sales growth and to improve the customer experience. Zappos.com is expecting to surpass $300 million in gross merchandise sales this year and recorded over $184 million in gross merchandise sales in 2004.
The additional $15 million brings Sequoia Capital's total investment in Zappos.com to $35 million.
Michael Moritz is the active partner from Sequoia Capital and sits on the Zappos.com Board of Directors. “We are more enthusiastic than ever to be shareholders of Zappos.com because of their unrelenting focus on service and their execution since we made our original investment 8 months ago.”
