Faire
Faire Raises $416M in Series G
Quick Facts
Faire Raises $416M in Series G
Faire has successfully raised $416M in a Series G at a $12.6B valuation led by Sequoia Capital, Lightspeed Venture Partners, Forerunner Ventures, Khosla Ventures, DST Global, Baillie Gifford, Durable Capital Partners, D1 Capital Partners.
Company Overview
Faire is a E-commerce company headquartered in 101 Henry Adams Street, San Francisco, CA 94103, founded in 2017 with 1000+ employees.
Wholesale marketplace for independent retailers
Fundraising Details
- Amount Raised: $416M
- Round Type: Series G
- Valuation: $12.6B
- Date: 2024-10-26
- Investors: Sequoia Capital, Lightspeed Venture Partners, Forerunner Ventures, Khosla Ventures, DST Global, Baillie Gifford, Durable Capital Partners, D1 Capital Partners
About Faire
Wholesale marketplace for independent retailers The company is positioned in the E-commerce sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 101 Henry Adams Street, San Francisco, CA 94103
- Founded: 2017
- Team Size: 1000+
- Industry: E-commerce
What This Means
This funding round demonstrates strong investor confidence in Faire's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The E-commerce sector continues to attract significant investment as companies innovate to meet evolving market demands. Faire's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $12.6B valuation marks an important milestone for Faire, positioning the company among notable players in the E-commerce industry.
Looking Ahead
With this new capital, Faire is well-positioned to execute on its growth strategy and continue building innovative solutions in the E-commerce space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-10-26. For more information about Faire, visit their headquarters at 101 Henry Adams Street, San Francisco, CA 94103.
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