Here is the latest report that Fab.com, the e-commerce website designed almost like a lifestyle magazine have recently receives $105 Million in its third round of funding today.
According to sources closes to this startup, The round was led by Atomico with participation from Pinnacle Ventures, re-Net Technology Partners, Mayfield Fund, DoCoMo Capital, and existing investors Menlo Ventures, Andreessen-Horowitz, Baroda Ventures, and First Round Capital.
Fab.com launched it’s 3.0 version of the website in May, intended to mimic the experience of window shopping with friends. The homepage grabs items to feature based on an algorithm that watches what the Fab community is interested in. It also introduced a ticker, which lets you watch what people were buying in real time. Pinterest buttons were also included in the launch.
It is an e-commerce company focused on design across all price points and all verticals that offers daily flash sales of design items and longer-term curated sales based on specific themes
Founded in February 2010 as Fabulis by CEO Jason Goldberg (formerly of XING AG, socialmedian, and Jobster) with design industry veteran and Chief Creative Officer Bradford Shellhammer, Fab.com launched its current model of daily design inspirations and sales on June 9, 2011