advertisement
advertisement

Fab Raises Additional $150 Million

The e-commerce site lands new investors, including Chinese Internet giant Tencent, bringing its total investment to $310 million.

Fab Raises Additional $150 Million

Fab was worth around $1 billion before it raised another $150 million in what is just the first part of its Series D-round funding effort.

advertisement

In total, the company has now raised $310 million in cash, with the new money coming from a variety of investors including Andreessen Horowitz and Chinese Internet giant Tencent. Additional cash is expected to be injected into the company, which is said to have made about $150 million in revenues last year, over the next few months.

Fab, which we called the fastest growing e-commerce site on the web, recently said it wanted to develop and sell its own original products, recruiting designers and students to help it do so.

About the author

I'm covering the science/tech/generally-exciting-and-innovative beat for Fast Company. Follow me on Twitter, or Google+ and you'll hear tons of interesting stuff, I promise.

More

Video