MORE FUNDS: JustFab.com has received $76 million in funding from Rho Ventures, Matrix Partners, Technology Crossover Ventures and its El Segundo, Calif.-based parent company, Intelligent Beauty. The online subscription service plans to put the money toward new fashion categories, international expansion and acquisitions. The current selection includes handbags, jewelry, denim and shoes, which are mostly priced at $39.95 a pair. JustFab.com said it has more than 6 million members and is on pace to hit $100 million in sales this year. It has reached beyond the U.S. into Canada and Germany, and expects to launch in the U.K. next month before spreading further into Europe in 2013.
August 6, 2012