Faire Receives Investment from Shopify

Funding Rounds

Summary

Led by Max Rhodes, co-founder and CEO, Faire is an online wholesale marketplace used by independent retailers to discover, source, and sell products around the world. It offers net 60 payment terms and free returns on opening orders, eliminating inventory risk and providing access to capital. For brands, the platform provides sales, marketing, and analytics tools, so sellers can simplify their wholesale business and focus on making products. Shopify is a commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. It offers a platform and services that are engineered for speed, customization, reliability, and security, while delivering a better shopping experience for consumers online, in store and everywhere in between.

$ Funding

$
Amount - Total raised
Date September 29, 2023 Announcement date
Investors Shopify Lead investors
Company - Funded company

Classifications

industries
Fintech & Banking
applications
AI & Machine learning

AskAI Classifications

Labels
E-commerce Software SaaS Developer Tools

Linked Companies

Shopify Inc.
$100M to $250M