LOS ANGELES — JustFab Inc. has raised $85 million in funding to enable the fashion and accessories e-commerce company’s expansion in Western Europe and next year’s full-scale launch into apparel.
Led by San Francisco-based Passport Special Opportunity Fund with participation from existing investors Matrix Partners, Technology Crossover Ventures and Shining Capital Management — which last year invested $35 million — the infusion brings the total raised by JustFab to $235 million since its launch in March 2010. Industry sources estimate the post-investment valuation of the company at around $1 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"