Fab.com Raises $8M, Investors Include Ashton Kutcher
New York’s Fab.com raised $8 million in a series A funding round led by Menlo Ventures, according to a press release. Participating investors include Baroda Ventures, First Round Capital, The Washington Post Company, SoftTech VC, SV Angel, Zelkova Ventures, Fab.com CEO Jason Goldberg, and A Grade Investments, which was co-founded by actor Ashton Kutcher and Guy Oseary, manager of celebs such as Madonna. Fab.com, which went live in June, is a flash sales site that lets designers of furniture, jewelry, bags, and other products offer discounts to consumers. The company says the new funding will go towards growing the pool of designers it works with, adding more sales categories, and developing more features to the website.