User:Ahoyaway/Faire (company)

Faire is a wholesale retailer based in San Francisco, California.

History
Faire was founded in 2017 as Indigo Fair by Max Rhodes, Jeff Kolovson, Marcelo Cortes, and Daniele Perito. They met while working at Square.

In October 2020 the company raised a $170 million Series E round.

In June 2021 the company raised a $260 million funding round led by Sequoia at a valuation of $7 billion.

Services
Faire provides wholesale specialty merchandise to retailers. The company gives retailers 60 days to pay for their product and allows free returns, giving more flexibility. In 2019, the company offered 7,000 products, including stationary, apparel, and beauty products.