Report: Wayfair looking to raise $150 million
February 4, 2014,
BOSTON — Online home furnishings site Wayfair is looking to raise $150 million, the Venture Capital Post has reported.
The publication said that a source familiar with the company's plans said that the fundraising initiative has put the company's valuation at around $2 billion. The unnamed source also told the publication that the Wayfair funding initiative was led by T. Rowe Price.
The news also comes soon after Wayfair confirmed that it topped $1 billion in annual sales in 2013, reported last month by Furniture/Today.