Social commerce website Fancy has racked up $53 million in funding from investors including American Express and actor Will Smith, according to press reports citing a July 3 SEC filing. The company currently is valued at $600 million. Fancy reportedly brings in about $3 million per month, and its backers include Twitter cofounder Jack Dorsey. The cash from its most recent round reportedly will be used to help expand Fancy’s online store, which sells a broad range of products including quirky gadgets, home goods and apparel.
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Crowdsourced Commerce: The Stunning Simplicity of Fancy
Posted by: Rachelle Dragani July 11, 2013 05:00 AMSocial commerce website Fancy has racked up $53 million in funding from investors including American Express and actor Will Smith, according to press reports citing a July 3 SEC filing. The company currently is valued at $600 million. Fancy reportedly brings in about $3 million per month, and its backers include Twitter cofounder Jack Dorsey. The cash from its most recent round reportedly will be used to help expand Fancy’s online store, which sells a broad range of products including quirky gadgets, home goods and apparel.