Funding round
Faire Series B
Faire, which works in wholesale marketplace platform development in San Francisco, raised $40M in a Series B round announced on 1 Dec 2018, led by Lightspeed Venture Partners, at a $535M post-money valuation. 1 firm took part. It is Faire's third venture round on record; the one before was a Series A in Feb 2018.
$40M
Amount raised
$535M
Post-money valuation
1
Investors
1 lead
7.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Faire at $535M after the new money. The $40M bought investors about 7.5% of the company. It came 10 months after Faire's Series A. It is 3.7% of the $1.10B Faire has raised in the venture rounds on record. Faire raised again: a Series C round of $60M in Dec 2018. Its next priced round, a Series D in Oct 2019, valued it at $1.00B.
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 1 Feb 2018, led by Forerunner and Khosla Ventures $12M
- Series B this round 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
Lightspeed Venture Partners led the round.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in General Retail & Merchandise, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| General Retail & Merchandise | 19 Aug 2019 | $10M | not disclosed | not named |
| Fair Holdings Tech Companies | 20 Dec 2018 | $385M | $1.00B | SoftBank |
| Zwift Tech Companies | 19 Dec 2018 | $120M | not disclosed | Highland Europe |
| Hosting & Cloud Infrastructure Providers | 20 Dec 2018 | $100M | not disclosed | HCH Group Company Ltd. |
| Electronical Components Manufacturing | 20 Dec 2018 | $63M | not disclosed | not named |
| Professional & Management Training | 4 Dec 2018 | $47M | not disclosed | Sageview Capital |
| Biotechnology | 10 Dec 2018 | $42M | not disclosed | not named |
| Tech Companies | 12 Dec 2018 | $40M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Faire raise in its Series B round?
Faire raised $40M in its Series B round, announced in Dec 2018.
Who led Faire's Series B round?
Lightspeed Venture Partners led it.
What was Faire's valuation at the Series B round?
$535M post-money.
Did Faire raise again after this round?
Yes: a Series C round in Dec 2018 of $60M.