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Tech Industry

Short Take: OurHouse.com receives $30 million investment

Online hardware store OurHouse.com announced today that it has received $30 million in third round funding. The financing comes in the form of debt from Comdisco Ventures, Transamerica Technology Finance and Relational Funding Corp. Evanston, Ill.-based OurHouse.com, also plans to close soon on a $60 million of equity funding, company chief executive Philip Airey said. OurHouse.com, which is aligned with Ace Hardware, plans to use the investment for marketing and technology expenses, Airey said.

Online hardware store OurHouse.com announced today that it has received $30 million in third round funding. The financing comes in the form of debt from Comdisco Ventures, Transamerica Technology Finance and Relational Funding Corp. Evanston, Ill.-based OurHouse.com, also plans to close soon on a $60 million of equity funding, company chief executive Philip Airey said. OurHouse.com, which is aligned with Ace Hardware, plans to use the investment for marketing and technology expenses, Airey said.