Faire was founded in 2017 by Daniele Perito, Jeffrey Kolovson, Lauren Cooks Levitan, Marcelo Cortes, and Max Rhodes. In 2021, CFO Cooks Levitan told the Wall Street Journal that while the company is not planning on going public in the immediate future, it remains a possibilty. "If the best way for us to continue [serving our customers] includes an IPO, we would certainly consider that," she said.
Faire is is an online wholesale marketplace that uses a data-driven approach to connect local retailers with thousands of emerging and established brands. Headquartered in San Francisco, the company maintains offices across North America, Europe, and South America. The company has raised $1.7 billion in venture capital funding, including a $400 million funding round that included Sequoia and Y Combinator. In 2021, the company was valued at $12.4 billion,
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.