An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
April 23, 2013 09:30 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EOK9cCLYnu0/
Fab Is Raising A Mondo Round At A $1 Billion Valuation
We're hearing from multiple sources that design-focused retail site Fab is raising a new round of funding at a $1 billion valuation. The company has previously raised $171 million in funding and we're hearing it seeks to raise more than $100 million in this round. At Fab's last round of financing, the company was worth around $600 million.Twelve million users strong, Fab is continuing to grow at a fast clip after its initial pivot. Last year, the company saw $150 million in revenue, and revealed in February that sales were up by nearly 300% in January 2013 over January 2012. In fact, January was Fabs 3rd highest sales month ever.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/EOK9cCLYnu0/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch