RealTime IT News Raises $50 Million Monday announced it has raised $50 million from e-tailer and venture capital firms Bowman Capital and Hummer Winblad Venture Partners.

This second round of financing will be used for marketing and branding efforts, infrastructure building, and company growth.

"We are running hard and fast to make the best possible customer experience, from product selection to customer service," said Julie Wainwright,'s chief executive officer. "This significant investment allows us to support our plans to build an enduring, customer-focused company." recently brought its entire shopping process in house, from order fulfillment to customer service. The company has opened its first distribution center, hired a customer service staff and added a toll-free customer service phone number.

"Whether you're shopping for your dog, cat or chinchilla, or just looking for a ferret hammock, makes it easy to do something nice for your pet," said Jeff Bezos, founder and CEO of

Matthew Cowan, investment partner at Bowman Capital, cited's industry expertise and strategic partnership with as motivating factors for the investment.