Fab Is Raising A Mondo Round At $1 Billion Valuation

We're hearing from multiple sources that design-focused retail site Fab is raising a new round of funding at a $1 billion valuation. The company has previously raised $171 million in funding and we're hearing it seeks to raise more than $100 million in this round. At Fab's last round of financing, the company was worth around $600 million. Twelve million users strong, Fab is continuing to grow at a fast clip after its initial pivot. Last year, the company saw $150 million in revenue, and reveale...