Tuesday, March 26, 2013

ORYX backs home decot startup Serena & Lily with 10M

Mar 26, 2013, 10:17am PDT

Oryx backs home decor startup Serena & Lily with $10M


Senior Technology Reporter- Silicon Valley Business Journal
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Orix Ventures said on Tuesday it has agreed to fund a $10 million debt facility for home decor startup Serena & Lily.
The Sausalito startup led by Serena Dugan and Lily Kanter is in what is known as the "aspirational lifestyle" market, offering exclusive textiles, furniture and other home décor products.
It plans to use the money to expand their business.
Palo Alto-based Oryx specializes debt or private equity transactions with total commitments as high as $50 million. It is a subsidiary of Orix USA, a Dallas-based financial conglomerate.
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Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.

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