Japanese trading conglomerate Itochu Corporation has become the latest investor in international fashion and lifestyle e-commerce company Fab. The deal follows a prior investment by Itochu Technology Ventures, the corporate venturing unit of Itochu, in the initial $150M Series D kick-off round announced on June 19th.
Itochu Corporation, a Japan-based general trading conglomerate, has committed $5m to the ongoing series D round of international design lifestyle shopping site, Fab. The latest investment brings the company’s series D round total to $165m.
Itochu Technology Ventures, the corporate venturing unit of Itochu Corporation, is an existing investor in the series D round. Itochu’s contribution follows the recent investment of fellow corporate investor, SingTel Innov8, the corporate venturing unit of Asia-based communications company,
