UK-based SalesGossip was able to secure new funding worth £600,000 to close its second angel round, TechCrunch reported. The latest funding round added to the startup's initial round held in 2012 which secured £250,000. 

Most of the funds raised for the recent round came from existing investors. SalesGossip's backers include Sean Phelan, Audrey Mandela, Andrew Grahame, Mapamundi, Colin Rushmer, Robin McIlvenny and Stephen Bullock, the report said.

SalesGossip is a site that gives exclusive access to sales and promotions of fashion and beauty products to its members. It was established by Zabetta Camilleri and Emilio Sanz in 2011 with the intention of providing offline and online fashion retailers a solution to make consumers aware of the date and location of sales to remove discounted inventory from the shelves. 

Based on the customer's buying preferences, SalesGossip informs members of the retailers' discounts through personalized emails and its desktop and mobile sites. Members get first access to sales- whether they are pop-up, flash, sample, reductions and discount codes-before the rest of the general public knows about them, the report said.

In a 2012 interview, SalesGossip Co-Founder and CEO Zabetta Camilleri told TechCrunch why they are unique compared to other sites, "It's that inside info that sets us apart from other fashion news sites. By becoming a member, you've got the inside track to your favourite stores' sales and offers."

According to SalesGossip, they have 300,000 registered subscribers and have 900 brands on its platform. Some of the department stores in its platform are John Lewis, M&S, Liberty and House of Fraser, Amazon, Accessorize, Armani, Joseph, Net-a-Porter, Banana Republic, J Crew and Uniqlo, children and parenting stores Isabella Oliver, Petit Bateaux and Mothercare, L'Ocittane, Liz Earle, Boots and Clarins, the report said.