Fab, a NYC-based design-focused flash sales site, has raised $105m in Series C financing.
The round was led by technology investment firm Atomico, with participation from Pinnacle Ventures, ru-Net Technology Partners, Mayfield Fund and DoCoMo Capital, and existing investors Andreessen Horowitz, Menlo Ventures, Baroda Ventures and First Round Capital.
The company intends to use the funding to continue to expand globally.
In conjunction with the funding, Atomico partner Geoffrey Prentice, has joined Fab’s board of directors.
Launched in June 2011 by CEO Jason Goldberg, Fab daily offers its members with deals related to design sales across categories including home products, jewelry, artwork, apparel, toys and outdoors products.
08/12/2011: Fab.com Closes $40M Series B Financing