Fab.com Raises $10 Million
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Fab.com CEO Jason Goldberg wrote a blog post last night that said that the company has raised $10 million in funding from Asian venture capital company SingTel Innov8. SingTel Innov8 is the venture capital arm of the Asian telecommunications company SingTel. Fab.com currently sells products in North America and Europe, but they are expanding into Asia. This $10 million round is an addition to the company’s $150 million Series D round. Fab.com has raised a total of $320 million.
“I’m pleased to share that as part of our ongoing Series D round of financing, SingTel Innov8, the corporate VC arm of the SingTel Group, Asia’s leading communications group, invested $10 million in Fab today. This is a particularly meaningful relationship for Fab as we are very pleased to have SingTel’s insight as we explore our expansion plans in the Asia region,” stated Goldberg in the blog post.