New York-based online retailer Fab announced new funding as part of its Series D round on Thursday, a blog post from the company revealed. The $10 million in financing comes from SingTel Innov8.
“SingTel has a lot in common with Fab – they serve a growing, young and sophisticated population of consumers who are looking for lifestyle products to reflect their optimistic, dynamic and vibrant approach to life,” the company’s CEO, Jason Goldberg, said in a statement.
The move comes just days after the company laid off more than 100 European employees. For more on that story, read our report here.