More Fab Dollars, this Time from VTB and Phenomen Ventures
November 02, 2012
Investors just can't get enough of the design savvy online retail platform Fab. VTB Capital and Phenomen Ventures have added $15 million to Fab's cauldron of capital, which now contains over $170 million in combined venture funding. Fab's most recent round, its Series C financing, now rings in at a grand total of $120 million. The gay social network turned e-commerce site (a pivot made in early 2011) is currently pushing holiday shopping with a feature that shows trending purchases on the site's live feed.