CSN Stores Raises $165 Million

Online home goods retailer CSN Stores raised $165 million in first round institutional financing from Battery Ventures, Spark Capital, HarbourVest Partners and Great Hill Partners. The company will use the funds to consolidate its current 200 sites into one (Wayfair.com) during July and August and for potential acquisitions. CSN is also launching a new flash sale site, JossandMain.com, which will remain a separate site.