Fancy Raises $26 Million In Funding
The Fancy is a Pinterest rival that is known for curating style and fashion. Fancy has raised $26 million in funding and was rumored in August to be getting acquired by Apple. It sounds like the Apple acquisition will not be happening now that the company has raised a new round of funding.
Fancy’s investors in this round include LeRoy Kim (Allen & Co.), Jim Pallotta (Boston Celtics owner), Jack Dorsey (Twitter and Square co-founder), Franscois-Henri Pinault (CEO of French company PPR), and Edward Gilligan (American Express vice chairman). Fancy previously raised $18 million in funding.
In Fancy’s $10 million round of funding in November 2011, PPR invested in the company. PPR is the $25 billion French company that owns major fashion brands like Gucci, Yves Saint Laurent, Bottega Veneta, and Balenciaga. The fashion websites Alexander McQueen, Yves Saint Laurent, and Gucci has made social commerce integrations through Fancy.
Other investors that have put money in The Fancy include Marc Andreessen, Ben Horowitz, General Catalsyt, Esther Dyson, Bob Pittman (MTV founder), Maynard Webb (former eBay COO), Ashton Kutcher, Eric Eisner, and Jeff Samberg.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry