Fab.com Raises $105 Million

Posted Jul 19, 2012

Fab.com is a flash sales site that has raised $105 million in a new round of funding. Fab.com CEO Jason Goldberg confirmed the news. This puts Fab.com at a pre-money valuation of around $600 million.

London-based Atomico Ventures led this round of funding. Fab.com believes that bringing Atomico on board will help them expand their international presence. Other investors that participated in this round include existing investors Andreessen Horowitz, Menlo Ventures, First Round Capital, Baroda Ventures, ru-Net Technology Partners, Pinnacle Ventures, DoCoMo Capital, Mayfield Fund, and Troy Carter according to TechCrunch.

This round of funding is the company’s Series C and now they have a total of around $160 million.

?As we raise this enormous amount of money, we do it humbly. We?re just lucky and fortunate to be able to get up each day and do what we love and help people smile and laugh through design. It?s an amazing opportunity and a ton of responsibility that we take very seriously,? said Goldberg.