Zulily Raises $43 Million from Investors

Zulily, a daily deal site offering products for parents and kids, announced Thursday that it received $43 million in funding from Meritech Capital Partners, the investment firm behind several other successful Internet companies, including Facebook and Zipcar. The latest round of funding brings Zulily’s total funds raised to $53.6 million. Zulily reports it will use the additional capital to hire more employees and fund other marketing and growth initiatives.