Dive Summary:

• NoMoreRack.com has secured an additional $40 million through its latest round of funding from investors.
• The company is expecting 2013 e-commerce revenues to reach $300 million – three times greater than the annual total from 2012.
• NoMoreRack.com is partnered with nearly 400 manufacturers to sell retail merchandise at discounted prices. The site currently has three million active customers.

Dive Insight:

NoMoreRack.com has set lofty goals for itself and hopes to reach a total of 20 million customers. Experiencing a growth in sales which reached 1023.6% in 2012, NoMoreRack.com was the second fastest growing retailer in the Internet Retailer Top 500 Guide.