Faire Is in Talks to Double Its Valuation to More Than $2 Billion

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Faire Inc., an online wholesaler, is set to more than double its valuation to exceed $2 billion with a new funding round that’s under negotiation.

The San Francisco-based company, founded by three former Square Inc. colleagues, is in advanced discussions with new and existing investors about raising more than $100 million in new capital, according to people with knowledge of the matter who asked not to be identified.