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June 19, 2013 08:00 am GMT
Design-focused commerce company Fab has raised that round of funding we scooped a few months ago. Fab is announcing today that it has raised $150 million in the rst tranche of the company's Series D round of nancing. We're told that $150 million is the rst part of a larger Series D round that Fab expects to complete over the next few months. New to this round is Chinese internet giant Tencent, who will also have a board seat at Fab; and Japanese conglomerate Itochu. Previous investors Atomico, Andreessen Horowitz, Menlo Ventures, RTP Capital, Pinnacle Ventures, Lars Hinrichs, and Docomo Capital also participated in this latest round of nancing.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mLFjG5e_UOk/
Fab Grabs $150M At $1B Valuation (And Is Raising Another $100MPlus More)
Design-focused commerce company Fab has raised that round of funding we scooped a few months ago. Fab is announcing today that it has raised $150 million in the rst tranche of the company's Series D round of nancing. We're told that $150 million is the rst part of a larger Series D round that Fab expects to complete over the next few months. New to this round is Chinese internet giant Tencent, who will also have a board seat at Fab; and Japanese conglomerate Itochu. Previous investors Atomico, Andreessen Horowitz, Menlo Ventures, RTP Capital, Pinnacle Ventures, Lars Hinrichs, and Docomo Capital also participated in this latest round of nancing.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mLFjG5e_UOk/
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