Funding round
Faire Seed
Faire, which works in wholesale marketplace platform development in San Francisco, raised $3.4M in a Seed round announced on 1 Nov 2017, led by Khosla Ventures. 1 firm took part. It is Faire's first venture round on record.
$3.4M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Faire did not disclose a valuation in this round. It is Faire's first venture round on record, in the year it was founded (2017). It is under 1% of the $1.10B Faire has raised in the venture rounds on record. Faire raised again 3 months later: a Series A round of $12M in Feb 2018. Its next priced round, a Series B in Dec 2018, valued it at $535M.
Faire's funding rounds
Faire has 8 venture rounds on record. This one is highlighted.
- Seed this round 1 Nov 2017, led by Khosla Ventures $3.4M
- Series A 1 Feb 2018, led by Forerunner and Khosla Ventures $12M
- Series B 1 Dec 2018, led by Lightspeed Venture Partners $40M$535M post-money
- Series C 13 Dec 2018, led by Y Combinator $60M
- Series D 30 Oct 2019, led by Lightspeed Venture Partners and Founders Fund $150M$1.00B post-money
- Series E 27 Oct 2020, led by Sequoia Capital $170M$2.50B post-money
- Series F 10 Jun 2021, led by Sequoia Capital $260M$7.00B post-money
- Series G 16 Nov 2021, led by Durable Capital Partners, D1 Capital Partners and Dragoneer Investment Group $400M$12.40B post-money
Investors
Who put money in
Khosla Ventures led the round.
Lead investor
- Khosla Ventures backs 396 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time: 1 in General Retail & Merchandise, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| General Retail & Merchandise | 23 Dec 2016 | undisclosed | not disclosed | not named |
| Investment Consultants & Financial Advisors | 1 Nov 2017 | $7.0M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 17 Nov 2017 | $6.0M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 8 Nov 2017 | $5.6M | not disclosed | Silverton Partners |
| Solar Energy Company | 17 Nov 2017 | $5.1M | not disclosed | Congruent Ventures |
| Media Companies | 2 Nov 2017 | $4.8M | not disclosed | not named |
| Payment Processing & Point of Sale | 29 Nov 2017 | $4.0M | not disclosed | Forward Partners |
| Biotechnology | 1 Nov 2017 | $4.0M | not disclosed | Kindred Capital and Acequia Capital |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Faire raise in its Seed round?
Faire raised $3.4M in its Seed round, announced in Nov 2017.
Who led Faire's Seed round?
Khosla Ventures led it.
What was Faire's valuation at the Seed round?
It was not disclosed.
Did Faire raise again after this round?
Yes: a Series A round in Feb 2018 of $12M.