(Source: Business Wire)

Quidsi, Inc., the parent company of Diapers.com,
today announced that the company has closed on a $30 million Series E
round of financing led by New Enterprise Associates (NEA). Existing
investors, Accel Partners, Bessemer Venture Partners and MentorTech
Ventures, also participated. The new financing will be used to secure
Diapers.com's position as the leading online baby retailer.
Launched in 2005, Diapers.com (originally, 1-800-Diapers) was recently
named the fastest growing retailer in the United States over the past
three years. It has evolved from a website focused just on baby
essentials to a one-stop shop for everything baby, selling everything
from diapers and formula to strollers and car seats. Besides its prices,
the Company's hallmark has been its overriding commitment to customer
service, starting with free fast shipping that delivers overnight to 2/3
of the country and in 2 days to the rest. A passionate and loyal
customer base of several hundred thousand has emerged as a result,
fueling the Company's growth.
"Diapers.com is building one of the best and most trusted retail brands
in America, and NEA is excited to support the company's continued
growth," said NEA partner Tony Florence, who is joining the Quidsi, Inc.
board in conjunction with the financing. "This is an exceptional
management team that has built a category leading e-commerce company,
and we are excited about the opportunities we see in Quidsi for future
growth initiatives. I look forward to working with Marc Lore and Vinit
Bharara as the company expands its leadership in delivering an
unparalleled online shopping experience for parents, focused on
exceptional customer service and an unrivaled consumer value
proposition."
"We couldn't be happier to partner with NEA. They are one of the premier
venture capital firms in the country and Tony will be a valuable
addition to our Board. We are also pleased with the continued
participation by Accel, Bessemer and MentorTech, who have been enormous
assets so far," said Marc Lore, Co-Founder and CEO of Diapers.com. "We
plan on using these new funds to further our mission, which has always
been simple. Make life a little easier for new parents. That means
carrying everything they could possibly need or want, get it to them
faster than anyone, charge low prices and most importantly, deliver the
best customer service, bar none."
Diapers.com will continue to expand its product assortment, soon
carrying the largest selection anywhere.