JustFab Inc., an El Segundo, CA-based fashion subscription e-commerce company, raised $40m in Series C funding.
The round was led by Hong Kong-based Shining Capital Management, with participation from existing investors Matrix Partners, Rho Ventures, Technology Crossover Ventures (TCV) and Intelligent Beauty.
The company intends to use the funds to increase the range of its product offerings continue to expand globally.
Launched in 2010 as a fashion brand offering women’s footwear, JustFab has expanded into multiple categories including handbags, denim, jewelry, and children’s apparel, with additional categories to be announced. Led by Co-CEOs Adam Goldenberg and Don Ressler, it now reaches over 35 million members worldwide through its portfolio of lifestyle fashion brands including JustFab, FabKids, and recently acquired ShoeDazzle.
The company is present in Canada, Germany, the United Kingdom, France and Spain, and recently opened a boutique at the Glendale Galleria.