Investing in the Future of Local Retail

We built Faire since we believe that small businesses are crucial to our communities. The resilience of our clients in the face of the unpredictable conditions of the year has strengthened that certainty .

Today, we're excited to announce that we have raised $170 million in financing in a Series E round, led by Sequoia Capital -- a significant milestone that will permit us to keep on investing in our community of over 100,000 local retailers and 10,000 brands. With this additional capital, we are excited to continue building more goods and services to support you, our brands and retailers, using a world-class wholesale buying and selling experience.


Our products:

https://www.connectpos.com/shopify-pos

https://www.connectpos.com/woocommerce-pos

https://www.connectpos.com/commercetools-pos/

https://www.connectpos.com/magento-pos

https://www.connectpos.com/bigcommerce-pos

Local retail is powerful

Despite a slow-down in foot traffic and consumer spending in other areas of the market, support for neighborhood retail has stayed strong. Local stores have provided a secure and convenient space for people to remain connected to their neighbors and stock up on essentials or products which help make additional time at home more comfortable. We saw retailers adapt fast, getting online stores up and running, offering personalized shopping appointments, and establishing secure curbside pickup and delivery operations. Because of this, we are seeing almost 90 percent of consumers intending to devote their spending power to local businesses this holiday season.

We have always thought that the future is local, and we are doubling down on this belief.

Building the future of wholesale, collectively

We have developed a lot over the previous year, and our network of local retailers and independent brands is more powerful than ever. Local retailers like you've been able to order stock on your own timelines through the year, allowing you the flexibility to supply the products your customers want and need. On our platform and through Faire Summer Market, manufacturers have managed to market their goods safely during the pandemic. We are excited to continue to build resources and tools like those to assist our community succeed as you concentrate on what you do best. We believe independent and wholesale retail will continue to recuperate and come back stronger than ever before.

Fundraising is an important step towards our mission of enabling entrepreneurs like you to pursue your dreams. We believe in the store local motion, and our investors do too. This new funding will help us hire top talent, grow our customer experience groups, continue to build resources that equip you to compete with big-box chains and e-commerce giants, and introduce Faire into new markets across the world. We plan to launch the Faire market in the United Kingdom next year, with additional European markets to follow. This expansion increases the assortment of special products you can offer your clients.

A lot has changed this season, however, we remain inspired and optimistic about the future of retail. Thank you to the wider Faire team for all of the work and passion you bring to our mission, and invite you to our community of brands and retailers for joining us on this trip and adopting the experience.

With gratitude,

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