Funding round
Faire Series A
Faire, which works in wholesale marketplace platform development in San Francisco, raised $12M in a Series A round announced on 1 Feb 2018, led by Forerunner and Khosla Ventures. 2 firms took part. It is Faire's second venture round on record; the one before was a Seed in Nov 2017.
$12M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Faire did not disclose a valuation in this round. It came 3 months after Faire's Seed. It is 1.1% of the $1.10B Faire has raised in the venture rounds on record. Faire raised again 10 months later: a Series B round of $40M in Dec 2018, at $535M post-money.
Faire's funding rounds
Faire has 8 venture rounds on record. This one is highlighted.
- Seed 1 Nov 2017, led by Khosla Ventures $3.4M
- Series A this round 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
Forerunner and Khosla Ventures led the round.
Lead investors
- backs 99 venture-backed companies new 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 Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| General Retail & Merchandise | 24 Oct 2017 | $500M | not disclosed | not named |
| Ping An Good Doctor Health Care Services | 2 Feb 2018 | $1.15B | $8.80B | SoftBank Vision Fund |
| Pharmaceutical Products | 1 Feb 2018 | $60M | not disclosed | Perceptive Advisors and Adams Street Partners |
| Medical Supply Manufacturers | 7 Feb 2018 | $31M | not disclosed | Invus and F-Prime Capital Partners |
| Tech Companies | 14 Feb 2018 | $27M | not disclosed | not named |
| Tech Companies | 2 Feb 2018 | $26M | not disclosed | NWS Holdings |
| Infarm Fruit & Vegetable - Markets & Stores | 5 Feb 2018 | $25M | not disclosed | Balderton Capital |
| Tech Companies | 5 Feb 2018 | $25M | not disclosed | Breyer Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Faire raise in its Series A round?
Faire raised $12M in its Series A round, announced in Feb 2018.
Who led Faire's Series A round?
Forerunner and Khosla Ventures led it.
What was Faire's valuation at the Series A round?
It was not disclosed.
Did Faire raise again after this round?
Yes: a Series B round in Dec 2018 of $40M at $535M post-money.