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| Industry | Wholesale marketplace |
|---|---|
| Founded | 2017 |
Faire is a wholesale retailer based in San Francisco, California.
History
editFaire 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
editFaire 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.