After Retrenching In Europe, Fab Raises Another $5M From ITOCHU Corp. In Series D Expansion, Aims For Japan JV By 2014
The march into Asia continues for Fab, the online design retailer that raised $150 million in Series D funding in June. Today, the company announced a further $5 million extension to that round from ITOCHU Corp., a general trading company whose VC arm, ITOCHU Technology Ventures, also participated in the main Series D tranche. Jason Goldberg, Fab’s co-founder and CEO, also notes that the two are also working on a JV that will bring Fab to Japan in 2014.