Fab Raises $150 Million From Investors in China, Japan

Fab, a two-year-old online store for design goods, is laying the groundwork for further global expansion. The startup announced Tuesday that it has raised $150 million in a partial series D round from investors including Tencent, Atomico, Andreessen Horowitz, Itochu, Menlo Ventures, RTP Capital, Pinnacle Ventures, Lars Hinrichs and Docomo Capital.

The e-tailer, which is headquartered in the U.S., has already made significant headway into Europe. The region now accounts for approximately 40% of sales, founder and CEO Jason Goldberg told Mashable in a phone interview Tuesday. With the help of new investors Tencent, which operates some of the largest web portals and online messaging systems in China, and Itochu, one of Japan's largest holding companies, Fab has set the stage for its move into East Asia and India.