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Exclusive: Zulily now valued at $1 billion

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Zulily raises new money from Andreessen Horowitz.

FORTUNE -- Zulily, a deals site for moms and kids, is putting the finishing touches on a new venture capital round that values the company at approximately $1 billion, Fortune has learned.

Andreessen Horowitz is leading the round, which is believed to be for around $100 million. Some of that money will be used to provide liquidity to early Zulily shareholders. This may be Andreessen Horowitz's MORE


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