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JustFab raises $85M at what sources say is a $1B valuation

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JustFab has closed an $85 million round of funding, the company’s co-founder and co-CEO Adam Goldenberg confirmed to Pando today. The round was led by new investor Passport Special Opportunity Fund, and included participation from existing investors Shining Capital, Matrix Partners, and Technology Crossover Ventures.

The latest funding, which was entirely primary capital, brings the company’s total capitalization to $250 million and, while Goldenberg declined to specify JustFab’s latest valuation, sources close to the company tell Pando that the round carried a $1 billion valuation.

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