Fab Raises $105 Million, Sets Sights on Retail Stores

Design-focused, socially charged ecommerce site Fab announced Wednesday that it has closed a $105 million Series C financing round.

Fab famously pivoted from a gay social network into an ecommerce site with millions of members and doing thousands of sales every single day.

Fab's growth continues to accelerate. Back in December -- when the company closed a $40 million round of financing -- the site boasted 1.2 million members.

Seven months later, that figure has quadrupled to more than five million members. Fab co-founder and CEO Jason Goldberg told us that the company is now selling 3.4 products per minute.

"We hit on great products that people love," Goldberg says. He attribute…
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