Fab Adds $10 Million More To Its Monster Series D Round From Singtel Innov8

jason goldberg, fab, fab.com, december 2011, bi, dng

Last month, Fab announced a $150 million fundraise as part of an on going Series D round. Now it has added $10 million more to that fundraise from SingTel Innov8, the VC arm of Asia communications company, SingTel Group. SingTel will help Fab create a strong customer service experience abroad.

“We are pleased to lend SingTel’s market knowledge and ¬†networks to facilitate seamless connections between infrastructure, technology and¬†customer reach as Fab continues to build their global lifestyle brand,” SingTel Innov8’s Managing Director Jeff Karras said in a release.¬†

Fab says more Series D investors will be announced soon, as they sign on. Fab has now raised $320 million total and it’s expected to raise $90 million more. Earlier this week it laid off more than 100 employees in Europe in an effort to cut duplicate jobs and transition away from flash sales.

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