Online Marketplace Faire Ups Local Retail Game With $150M Series D, Bags $1B Valuation

Faire, which operates an online wholesale marketplace for local retailers, announced today it has raised $150 million in a Series D round co-led by Lightspeed Venture Partners and Founders Fund.

The round brings its total funding raised to date to $266 million, and values the company at $1 billion.

At the beginning of 2018, Faire averaged less than $1 million in sales per month.

To date, Faire has on-boarded 7,000 makers and 50,000 local retailers onto its marketplace and sold more than 15 million products.

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