Fab, the desgin-focused shopping site, secured $105 million in its third round funding today. The financing, according to CNET, was led by investment firm Atomico. The firm is also aiding Fab in their global site expansion, beginning with London, Tokyo, Beijing, Sao Paulo and Istanbul. Atomico’s other investments include Skype and Rovio, creator of Angry Birds.
Jason Goldberg, Fab CEO, wrote on the company’s blog, “We believe that we have a special opportunity to create one of the world’s next great brands. We believe that Fab can become the definitive global brand synonymous with design. We also know that it will take a steady focus on making our customers smile.”
Fab plans to use the new funds to build more warehouses and inventory to try and shorten shipping times to a few days. They also hope to increase products beyond the 10,000 it has now, and to continue to expand into markets outside of the U.S. Fab is currently in the U.S., Canada, and 18 European countries. Goldberg noted that over half of the company’s revenue from 2011 was from outside of the U.S.
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