202116 Nov

Faire Completes $400M Series G Financing

Summary

SAN FRANCISCO, CA, Faire today announced the closing of $400 million in a Series G investment round. Faire, the online wholesale marketplace connecting more than 300,000 retailers with 40,000 brands around the world, today announced the closing of $400 million in a Series G investment round co-led by new investor, Durable Capital Partners LP, and returning investors, D1 Capital Partners, and Dragoneer Investment Group. Six months after Faire launched across 15 markets in Europe and the United Kingdom, annualized sales volume in the region has exceeded more than $150 million - a scale that took nearly three years to achieve in North America. Faire is a wholesale marketplace taking a data-driven approach to connect local, independent retailers with the best brands and artisans to stock their shelves with the best goods. For brands, the platform provides powerful sales, marketing, and analytics tools, so sellers can simplify their wholesale business and focus on making great products.

Source: Vcnewsdaily

Funding

$596.21M
Amount
Nov 16 2021
Date
-
Investor
Faire
Company

Classifications

Companies