JustFab Raises $85M At $1 Billion Valuation

In the latest, big-valuation funding round for Southern California, Los Angeles-based JustFab has raised $85M in a funding round that values the company at $1 billion. The company--which has been working on the round since May--comes as the company also has increasingly been rumored to be seeking an IPO. The funding was led by Passport Special Opportunity Fund, and also included Shining Capital, Matrix Partners, and Technology Crossover Ventures. The company has now raised more than $250M. More information »