Storenvy, a US-based online shopfront design system, has raised $5m in its series A round from a consortium led by Intel Capital, the corporate venturing unit of the eponymous chip maker.
Venture capital firms Spark Capital and First Round Capital also invested in the A round.
In January 2011, Storenvy raised $1.5m in a seed round led by Spark Capital and First Round Capital, with VC peers Kleiner Perkins Caufield & Byers and Charles River Ventures and angel investors, including TechStars founder David Cohen, Tumblr president John Maloney and Performable chief executive David Cancel, participating.
Jon Crawford, chief executive of Storenvy, in an interview with TechCrunch said the start-up had made $1m in monthly sales since the launch of the Marketplace, which now accounts for about 50% of the sales of the site.