Online retailer Fab is raising a new funding round, aiming at a $1 billion valuation, according to TechCrunch. Fab currently has over 12 million users and saw $150 million in revenue in 2012.
Fab has previously raised $171 in funding and was last valued at around $600 million. Adreessen Horowitz, First Round Capital, The Washington Post and Ashton Kutcher are some of Fab’s previous investors.
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