The Fancy Said to Seek Funding at $1.2 Billion Valuation
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The Fancy, an online shop with eclectic goods curated by customers, is seeking to raise money at a valuation of as much as $1.2 billion, a person with direct knowledge of the matter said.
An investment in the Web retailer, which is being advised by Morgan Stanley, would double the value of the company since July, according to the person, who asked not to be identified because the information isn’t public. The Fancy raised $53 million from investors including American Express Co., billionaire Len Blavatnik and actor Will Smith last year at a $600 million valuation, people familiar with the matter said at the time.