Justfab Gets C $40 Million Financing

　　 JustFab The C round of US $40 million financing has been obtained from Hongkong's Shining Capital Management Shang Xin capital, Matrix Partners, Rho Ventures, Technology Crossover Ventures and the parent company of the parent company. The total financing of the company has reached US $149 million.

JustFab Inc. co chief executive, Adam Goldenberg, said that the current web site increased by 400 thousand users in Europe, "which proves that our values and patterns resonate with global consumers." Weng Xiangwei, founder of Shining Capital Management Shang Xin capital, said she was happy to work with JustFab, "JustFab has the potential of global growth, such as China."

In the middle of this month, JustFab Inc. opened a 3000 square foot solid flagship store in Losangeles, California, and officially entered e-commerce from e-commerce.

In physical stores, JustFab is listed as a trend. footwear Handbags and Cowboy goods And integrate the technology of JustFab website into customer service.

Adam Goldenberg, CO chief executive of JustFab, said that the purpose of setting up a physical store is to enable users who have registered on the JustFab website but never shoppers to have the opportunity to personally touch and try their favorite products, so that they can become real buyers of the website. Another co chief executive, Don Ressler, points out that the company's goal is to achieve great success in the store and to increase sales outlets in other US cities. JustFab second stores have planned to open as early as next year.

JustFab Inc. is a subsidiary of Intelligent Beauty Inc.. Since its website was founded in 2010, it has 33 million users worldwide, and has acquired its competitor ShoeDazzle at the end of August this year. The chief executive of the two sides said that after the merger, the company's revenue in 2014 was expected to reach $400 million and make profits, and the revenue in 2015 would exceed $500 million.