San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Faire is raising $259,999,874.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Matthew Rhodes played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Faire
At Faire, we’re empowering small business owners and independent brands to buy and sell wholesale goods online. For retailers shopping for wholesale products, we have straight-forward financial terms and logistics, like free returns and net 60 terms, that were previously only available to large retail chains. For our brands, our platform provides powerful sales, marketing, and analytics tools, so sellers can simplify their wholesale businesses and reach independent shop owners. We’ve already connected more than 100,000 local retailers with thousands of unique apparel brands. Faire was founded in 2017 on the belief that the future of retail is local. Our mission is to help independent entrepreneurs chase their dreams, from the artisan candlemaker hoping to grow her business to the enterprising shopkeeper stocking his shelves with unique goods for his community. That’s why we built Faire, an online wholesale marketplace empowering small business owners and independent brands to buy and sell wholesale online. We’re in San Francisco, Kitchener-Waterloo, Toronto and Salt Lake City, and backed by investors including Y Combinator, Lightspeed Venture Partners, Forerunner Ventures, Khosla Ventures, Sequoia Capital, Founders Fund and DST Global.

To learn more about Faire, visit http://www.faire.com/

Contact:
Matthew Rhodes, Chief Executive Officer
800-208-8926
matthew@faire.com
https://www.linkedin.com/in/max-rhodes/

SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved