China-based internet company Tencent and Japan-based trading company Itochu join $150m first tranche of Series D financing for online design store Fab.com.
Fab.com has raised $150m in a first tranche of its series D round of financing, with investments from two new strategic participants, China-based internet company Tencent and Itochu Technology Ventures, the corporate venture arm of Japan-based general trading company Itochu Coporation. Tencent is also adding a board member to the company.
Fab’s existing investors, Docomo Capital, the corporate venturing unit of Japan-based mobile phone operator NTT Docomo, and venture capital firms Atomico, Andreessen Horowitz,
