So No Apple Acquisition, Then? Pinterest Rival Fancy Raises $26 Million In New Funding

Pinterest were there are The Web Summit last month…. interesting news about their competition.


Pinterest rival Fancy was rumored to be in acquisition talks with Apple, but that outcome is sounding more distant today because the startup has raised a big, new round of funding instead. According to a new SEC filing, Fancy has raised just over $26 million in additional funding from investors which include Allen & Co‘s LeRoy Kim, Celtics owner Jim Pallotta, Twitter and Square co-founder Jack Dorsey, PPR’s Franscois-Henri Pinault, and Edward Gilligan, Vice Chairman of American Express.

Also listed on the filing are Fancy co-founders Joe and Jack Einhorn.

Fancy had previously raised $18 million in outside funding.

Some of these names should not be a surprise – the lead investor in Fancy’s $10 million round from November 2011 came from outside the Valley: PPR, the $25 billion French firm run by Francois Henri-Pinault which owns some of the biggest fashion brands in the…

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