Fab Nabs $105 Million in Latest Funding Round

Design flash sale site Fab.com (which now goes simply as “Fab”) has a lot to celebrate: its first full year of operations, in which five million members purchased an average of 3.4 products—from mod chairs and typography-themed t-shirts to artisanal biscotti and Muhammad Ali memorabilia—per minute, and a freshly closed round of venture funding. Led by Atomico (the tech investment firm founded by Skype’s Niklas Zennström), the $105 million in Series C financing will help the company expand operations.