User:Ahoyaway/Faire (company)
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| Industry | Wholesale marketplace |
|---|---|
| Founded | 2017 |
Faire is a wholesale retailer based in San Francisco, California.
History
[edit]Faire was founded in 2017 as Indigo Fair by Max Rhodes, Jeff Kolovson, Marcelo Cortes, and Daniele Perito. They met while working at Square[1].
In October 2020 the company raised a $170 million Series E round.[2]
In June 2021 the company raised a $260 million funding round led by Sequoia at a valuation of $7 billion.[3]
Services
[edit]Faire provides wholesale specialty merchandise to retailers. The company gives retailers 60 days to pay for their product and allows free returns, giving more flexibility.[4] In 2019, the company offered 7,000 products, including stationary, apparel, and beauty products.
References
[edit]- ^ Danziger, Pamela N. "Main Street Retailers Have A New Weapon This Holiday Season: Faire". Forbes. Retrieved 2021-10-17.
- ^ Debter, Lauren. "Wholesale Marketplace Faire Valued At $2.5 Billion After Sequoia-Led Round". Forbes. Retrieved 2021-10-17.
- ^ Lee, Jane Lanhee (2021-06-11). "Online wholesale marketplace Faire raises $260 mln, valued at $7 bln". Reuters. Retrieved 2021-12-05.
- ^ Danziger, Pamela N. "Main Street Retailers Have A New Weapon This Holiday Season: Faire". Forbes. Retrieved 2021-10-17.