Dive Brief:

• JustFab Inc. has announced it has secured an additional $40 million in funding led by Hong Kong-based Shining Capital Management.
• The web-based fashion merchant has experienced rapid expansion and hopes the recent investment funds will allow it to keep up with its current rate of growth.
• JustFab will utilize the funds as cash for future acquisitions and international expansion efforts.

Dive Insight:

JustFab recently opened its first brick-and-mortar location at the Glendale Galleria in Glendale, Calif. The subscription-only fashion retailer recently added 400,000 new subscribers in Europe alone and is currently expanding at a rapid pace to increase its merchandise offerings across the board, hoping to take an even bigger slice of international retail sales.