Commerce

Fab Raising at Least $250 Million

Published on May 20, 2013
by Spencer E. Ante

The billion-dollar startup club may soon get a new member.

Online design retailer Fab Inc. is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital, people familiar with the matter said.

The deal and its list of final participants hasn’t closed, but it is expected to wrap up in mid-June, with existing investor Atomico is leading the round, the people said. Atomico did not respond to requests for comment.

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