Funding round
Faire Series C
Faire, which works in wholesale marketplace platform development in San Francisco, raised $60M in a Series C round announced on 13 Dec 2018, led by Y Combinator. 7 firms took part. It is Faire's fourth venture round on record; the one before was a Series B in Dec 2018.
$60M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Faire did not disclose a valuation in this round; its last disclosed one was $535M at the Series B (Dec 2018). It is 5.5% of the $1.10B Faire has raised in the venture rounds on record. Faire raised again 10 months later: a Series D round of $150M in Oct 2019, at $1.00B 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 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 this round 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
Y Combinator led the round with 6 other firms.
Lead investor
- Y Combinator backs 1,295 venture-backed companies new investor
Also in the round
- Khosla Ventures backs 396 venture-backed companies new investor
- backs 99 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- DST Global backs 179 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: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Plaid Payment Processing & Point of Sale | 11 Dec 2018 | $250M | $2.65B | Kleiner Perkins |
| Payment Processing & Point of Sale | 20 Dec 2018 | $125M | not disclosed | not named |
| Dataiku Tech Companies | 19 Dec 2018 | $101M | not disclosed | ICONIQ Capital |
| CBD and Medical Marijuana | 13 Dec 2018 | $65M | not disclosed | not named |
| Alto Pharmacy Drug Stores & Pharmacies | 5 Dec 2018 | $50M | not disclosed | not named |
| Fuze Health Drug Stores & Pharmacies | 5 Dec 2018 | $50M | not disclosed | Zola Global and Greenoaks |
| Device Manufacturing | 4 Dec 2018 | $45M | not disclosed | Mayfair Equity Partners |
| Tech Companies | 18 Dec 2018 | $40M | not disclosed | FTV Management Company |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Faire raise in its Series C round?
Faire raised $60M in its Series C round, announced in Dec 2018.
Who led Faire's Series C round?
Y Combinator led it, with Khosla Ventures, Forerunner, Sequoia Capital, Lightspeed Venture Partners and Founders Fund and 1 more.
What was Faire's valuation at the Series C round?
It was not disclosed; its last disclosed one was $535M at the Series B (Dec 2018).
Did Faire raise again after this round?
Yes: a Series D round in Oct 2019 of $150M at $1.00B post-money.