Design-Focused Flash Sales Site Fab.com Raises $40M From Andreessen Horowitz, Ashton Kutcher

Design focused flash sales site Fab.com has raised $40 million in series B funding led by Andreessen Horowitz with existing investors Menlo Ventures, First Round Capital, Baroda Ventures, SoftTech VC, and Ashton Kutcher's A-Grade Investments participating. We originally reported a few weeks ago that Fab was in the process of raising a major round of funding. As part of the announcement, Andreessen Horowitz General Partner Jeff Jordan will join Fab’s board of directors. The Wall Street Journal reports that the company was valued at $200 million. This brings Fab's total funding to $51 million.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/w2FUIXSsn5Y/

Red Hat Radisys Rackable Systems Quest Software Quantum Qlogic Progress Software