Faire Wholesale, Inc. reported raising $260 Million in an initial SEC Form D filing, from an offering of $260 Million

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Faire, which has built a marketplace connecting retailers to indie brands globally, has raised a $416 million extension to its Series G financing, more than doubling the size of the round, the company confirmed to TechCrunch today. But in today’s environment — where many LPs and VCs are pulling back on investments — some companies who raised over the past 18 months or so may find that it makes more sense, from both financial and administrative perspectives, to perform follow-on financings instead. Extension rounds help some startups play offense during COVID-19 The company continues to expand in Europe and recently launched in Australia. The new capital will go toward that global expansion, continued hiring and product development — including work on a product that aims to be an “operating system (OS) for wholesale,” the company said. With the additional capital, Faire is now valued at $12.59 billion post-money, or just under $200 million more than its valuation in November, according the company. Faire said that it saw “more than 3x year-on-year growth” and had reached more than $1 billion in annual volume in less than five years.