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.

Author: João-Pierre S. Ruth

After more than thirteen years as a business reporter in New Jersey, João-Pierre S. Ruth joined the ranks of Xconomy serving first as a correspondent and then as editor for its New York City branch. Earlier in his career he covered telecom players such as Verizon Wireless, device makers such as Samsung, and developers of organic LED technology such as Universal Display Corp. João-Pierre earned his bachelor’s in English from Rutgers University.