JustFab, a Manhattan Beach, CA-based online fashion retailer, raised $85m in Series D funding.
The round, which valued the company at over $1 billion, was led by new investor Passport Capital with participation from existing investors Shining Capital, Matrix Partners and Technology Crossover Ventures.
The company intends to use the funds to expand its product lines globally.
Founded in 2010, JustFab is a subscription-based fashion retailer that offers a personalized shopping experience based on members’ individual style. It currently counts over 35m members worldwide who every month receive a new and customized selection of shoes, handbags, jewelry and denim through its portfolio of brands including:
ShoeDazzle (www.shoedazzle.com), and