Fab is the fastest growing e-commerce company on the planet.
Fab was founded by serial entrepreneur Jason Goldberg in February 2011 and launched on June 9, 2011. Fab’s cofounders are Bradford Shellhammer, Nishith Shah and Deepa Shah. Fab’’s headquarters are in New York, NY.
The Fab.com website and mobile apps offer daily design inspirations and sales of up to 70% off retail. It’s free to join and members receive exclusive access to daily curated design sales featuring the world’s leading designers and manufacturers. Fab is on a mission to be the world’s most valuable design resource.
In February 2012, Fab expanded into Europe with the acquisition of Casacanda, the #1 flash sales website for design objects in Germany, Austria, and Switzerland. Casacanda immediately relaunched as Fab.de, as discussed in this post: http://betashop.com/post/17967539799/fab-acquires-casacanda-and-launches-as-fab-de-serving.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 01/01/10 | Seed | 0.625M | Markpoint Venture Partners, YCombinator, Orix USA, Washington Post | Unknown |
| 07/01/11 | Series A | 8M | Menlo Ventures, First Round, Baroda Ventures, The Washington Post | Unknown |
| 12/01/11 | Series B | 40M | Andreessen Horowitz | Unknown |
| View more financial info about Fab.com | ||||