Faire raises $170 million USD Series E, looks to grow Kitchener-Waterloo office
Faire, a wholesale marketplace startup based in Kitchener-Waterloo and San Francisco, has raised a $170 million USD Series E round of financing. Faire’s Kitchener-Waterloo location, which employs 150, will likely grow to over 200 by the end of 2021. According to Forbes, existing investors included Y Combinator, Lightspeed Venture Partners, Forerunner Ventures, Khosla Ventures and Founders Fund participated. The same year it was founded, Faire relocated to Mountain View, Calif. to participate in the Y Combinator (YC) accelerator program. A few days after YC’s Demo Day, Cortes returned to Kitchener-Waterloo and took up desk space in Velocity.