It’s that time of year again for the 39 faire series to hit the screens! And this year the movie is being released in three different parts. That’s great news for fans of the show! The first part, ‘Riding the Storm’ is out in theaters and available for streaming, while the second and third parts are in production and will be released in the near future. You can find out more about these new episodes, and how you can watch them here.
Online wholesale marketplace Faire has closed its Series G investment round, raising $400 million in new capital. With the money, the company will expand across the globe, hiring top talent and introducing its platform into new markets. The round values the company at $12.4 billion, and includes all investors who have contributed to the company since its founding.
Faire currently serves over 40,000 brands in over 80 countries. It provides retailers with a one-stop-shop for unique goods from around the world. The company’s platform empowers retailers to make better purchasing decisions, enabling them to quickly iterate on trends. Since its launch in 15 European markets in June, the company has grown to over $150 million in annualized sales volume. As a result, Faire has increased its global team by more than 50%. In addition to its existing offices in Kitchener-Waterloo, Toronto, and San Francisco, it has also opened offices in London and Sao Paulo.
Faire will continue its expansion into the United Kingdom, and plans to enter all continental Europe in the coming months. In the US, the company has already grown to 15,000 retailers who have purchased from international brands on the Faire platform. This growth has helped position Faire as a leader in the digital wholesale industry.
Faire Series E Capital
Faire, a matchmaking service, provides retailers with a platform to find unique goods. Its mission is to help small business owners enter the digital age. This includes connecting North American retailers to international brands.
Faire has offices in San Francisco, Atlanta, Kitchener-Waterloo, Sao Paulo, and London. It also operates in 15 European markets. The company’s annualized sales volume in Europe has reached $150 million in six months.
The company’s vision is to disrupt the wholesale industry. While big-box retailers and brick-and-mortar stores dominate the market, smaller local retailers are at a disadvantage. Because of this, Faire created an online trade show to give retailers discounted inventory.
To do this, Faire has introduced a commission structure that can be as low as 15%. This allows retailers to test new inventory, without obligation, or worry about losing money. First-time buyers also enjoy free shipping, and the opportunity to return unwanted items.
In its first 30 days, the market for Faire’s products in Europe outpaced the US market by 230%. This expansion helped boost Faire’s annualized sales volume in North America from $75 million to $150 million in three years.
As Faire continues to expand internationally, it has enjoyed several funding rounds. The company has raised over $1 billion in funding, including three seed round investments. In November 2017, Faire raised $3.4 million from Khosla Ventures.
It has also recently secured $170 million in Series E capital at a valuation of $2.5 billion. Faire plans to use this new capital to continue growing its supply of global brands.