Fashion Dealer JustFab gets a new round of 85 million dollars in venture capital

Absrtact: The American fashion Electric Company website JustFab, which is characterized by monthly consumption, has gained a new round of 85 million-dollar venture capital, the company's market valuation, also more than 1 billion U.S. dollars, to become a valuation into the 1 billion dollar club of technology companies. JustFab

A new round of $85 million trillion in venture capital, the company's market valuations, and more than $1 billion trillion, has become another technology company valued at the $1 billion dollar club, JustFab, a U.S. fashion dealer's website, featuring monthly consumption.

Adam Goldenberg, co-founder of the JustFab company, confirmed to the media that the investment Goldberg was for Passport Special Opportunity Fund, and that other participating agencies included Matrixpartners, Shiningcapital.

In this round of investment, JustFab's valuation crossed the 1 billion dollar mark, a person familiar with the matter said.

Goldberg said the company has so far financed 250 million of billions of dollars, and the $85 million trillion in the round will boost financial health, as well as overseas expansion of its sporting goods brand Fabletics, which recently opened subsites in Britain and Germany.

Founded in 2010, JustFab is headquartered in California with four E-commerce brands Justfab,shoedazzle,fabletics and Fabkids. The total revenue of the company is expected to exceed 400 million dollars in 2014.

JustFab is the most famous is the monthly subscription system package consumption pattern. Users who join the VIP members of the website must spend a minimum of 39.95 dollars a month, after which all the items in the website, the retail price are 39.95 US dollars, and if they are non-members, they must buy between 49 and 79 dollars.

At the end of last year, the site had more than 35 million members.

JustFab also became the latest new technology company to enter the 1 billion dollar club this year, Bloomberg said. Earlier this month, Lookout, a mobile-security software maker, also earned a 1 billion dollar valuation in a single investment.

Last month, Kabam, a mobile game developer, also valued more than 1 billion dollars in the financing process.

In the first half of this year, a total of 14 U.S. technology companies ' capital valuations crossed the 1 billion dollar pass, the number of which was twice times that of the same period last year, according to Cbinsights, a U.S. company.

Of course, some of the more popular technology companies are valued at far more than 1 billion dollars. For example, a new round of financing is being carried out by the mobile payment maker Square, which is valued at $6 billion trillion, say sources.

In addition, bare can be hot after the burn of mobile phone social tools Snapchat, allegedly also in a round of financing, valued at about 10 billion dollars. Morning）