26 Sep JustFab Raises Another $40M To Take Its Fashion Subscription Model To Asia
Hot on the heels of its merger with rival ShoeDazzle (yes, pun intended), subscription-based fashion commerce site JustFab, now with 35 million users, is once again adding to its coffers to pick up the pace on international growth. Today the company is announcing that it has raised $40 million in a Series C round of funding.
This latest round was led by Shining Capital of Hong Kong, with participation from existing investors Matrix Partners, Rho Ventures, Technology Crossover Ventures (TCV) and Intelligent Beauty. Co-CEO Adam Goldenberg tells me the funding will specifically be used to keep building out its international business, in Asia as well as Europe.
JustFab has been doing a fair amount of international growth already, both organically and inorganically. Other purchases have included Fab Shoes to expand into France and Spain, and FabKids, to enter the children’s clothes market.