Thursday, July 26, 2012

JustFab Lands Huge, $76M Round For Fashion Startup

El Segundo-based JustFab, the fashion subscription site led by Adam Goldenberg and Don Ressler, announced Thursday morning that it has raised a gigantic, $76M in a funding round. The new funding for the site was led by Rho Ventures, and also included Matrix Partners, Technology Crossover Ventures, and Intelligent Beauty. JustFab said the funding will go towards international expansion, to move into additional fashion categories, and for future acquisitions. As part of the funding, Mark Leschly of Rho Ventures joins the company's board. JustFab operates an online, subscription service which delivers fashion products to consumers, including shoes, jewelry, handbags, denim, and other accessories. The new funding brings the company's total raised to $109M, including a round announced last September. More information »