Since launching in 2010, the Toronto-based home décor "flash sales" site
Homesav.com has attracted more than 100,000 registered members. The first-year success, the company
announced this fall, has drawn $1.2-million in financing from angel investors including the founding families of both Shopper's Drug Mart and ELTE.
Homesav.com will use the capital to grow its team—they are
currently hiring for 10 positions—and launch initiatives to expand the company's reach.
The site offers high-end designer home furnishings at drastic discounts—the company says specials are as much as 80 per cent off the retail price—for a limited time. Currently handling more than 100 orders a day, Homesav.com
just this week launched a month long "pop-up store" initiative with local new condo real estate listings site
BuzzBuzzHome. The promotion will offer hand-picked items for sale to BuzzBuzzHome's users for one month, with new items being released for sale each week. Homesav.com says the partnership is an opportunity to extend its reach further into customers in the new condo-buying market.
Writer: Edward Keenan
Source: Amanda Parker, public relations and media manager, Homesav.com