06-12-2021, 02:19 PM
https://www.communitech.ca/technews/faire-soars-to-us$7b-valuation-on-latest-round-report.html
Quote:Faire, an online wholesale marketplace for small independent retailers, has soared to a valuation of US$7 billion on its latest funding round of US$260 million, the company's CEO announced today.
[...]
CTO Marcelo Cortes said Faire is continuing to expand its Canadian operations and will be moving its local workforce – 165 and growing – into 60,000 square feet of space in the former Shopify building at 85 Willis Way in uptown Waterloo.
“We have the whole second and third floor,” said Cortes. “We’re very excited.”
[...]
Cortes said he and his co-founders intentionally structured Faire from the start to have joint headquarters in Waterloo Region and San Francisco. [...] “We have always been committed to Waterloo from day zero,” said Cortes. “We're a Canadian company just as much as we are a U.S. company, and eventually we're going to become a global company.”