Faire, an online wholesaler in the United States, raises $400 million in financing! The latest valuation reaches $12.4 billion!

It is learned that recently, the US online wholesale company Faire announced that it had raised US$400 million in its latest round of financing, and reached a valuation of US$12.4 billion in less than two years, which is a full US$5.5 billion higher than the latest valuation in June.

It is reported that this round of investment was jointly led by Durable Capital Partners, D1 Capital Partners and Dragoneer. This is also the third round of financing for the company, which has accumulated more than US$1 billion in external financing.

Founded in the United States in 2017, Faire currently has 300,000 retailers in the North American and European markets, and cooperates with 40,000 brands from more than 80 countries, covering everything from home furnishings, jewelry, clothing, cosmetics to alcoholic beverages and spices.

Faire says it has quadrupled its annual revenue since its founding, reaching $1 billion in total sales at the end of its last fiscal year.

Editor✎ Irene/

Statement: This article is copyrighted and may not be reproduced without permission.