Fab Seals The Deal On $105 Million In New Funding

Design-oriented flash sales site Fab has raised $105 million in new funding, the company confirmed today. The news was first reported by the Wall Street Journal and was subsequently confirmed by Fab CEO Jason Goldberg in a detailed blog post.

You can’t say we didn’t warn you: TechCrunch editor extraordinaire Alexia Tsotsis reported just over a month ago that Fab was raising some $100 million in new funds at a $700 million pre-money valuation.

It now looks like Fab got just about what it was looking for. This new round, led by London-based VC Atomico Ventures, reportedly values Fab at some $600 million. Bringing on Atomico as an investor is meant to help Fab scale out its international presence, Goldberg wrote.

Also participating in the round were existing investors Andreessen Horowitz, Menlo Ventures, First Round Capital, David Bohnett’s Baroda Ventures, ru-Net Technology Partners (RTP), Pinnacle Ventures, Docomo Capital, Mayfield Fund, and Troy Carter.

This round serves as Fab’s Series C, and brings its total outside investment to nearly $160 million. It’s a major step up in size from Fab’s $40 million Series B round which closed just this past December.

This news is breaking right now, so we’ll be updating this post as more information comes in.