fabric, a Seattle, Washington-based startup that provides a headless platform for e-commerce experiences, closed a $140 million in Series C. This latest round of funding closes a mere 219 days after Series B and values fabric at approximately $1.5 billion.
The round was led by Softbank Vision Fund 2, with participation from Forerunner Ventures, Glynn Capital, and existing investors Redpoint Ventures, Norwest Ventures, and Stripes.
Funds from this round will be utilized for accelerating product development largely through automation, intelligence, and geographic expansion.
Concurrent with the funding, Robert Kaplan from Softbank will join fabric’s Board of Directors.
Company: fabric, Inc.
Raised: $140.0M
Round: Series C
Funding Month: February 2022
Lead Investors: Softbank Vision Fund 2
Additional Investors: Forerunner Ventures, Glynn Capital, Redpoint Ventures, Norwest Ventures, and Stripes
Company Website: https://fabric.inc/
Software Category: headless commerce platform
About the Company: Founded in 2017, fabric is the headless commerce platform purpose-built for growth that enables companies to grow their online presence via its API-driven modular system. fabric is a key component of the modern commerce stack by democratizing access to best-in-class digital commerce tooling. fabric allows merchants who aren’t served well by Shopify, Oracle, or Salesforce (and other hosted platforms) to thrive in an e-commerce world. fabric is a force multiplier on retailers' existing technology investments proven to grow digital revenue by up to 3x. Headquartered in the Cloud Capital Seattle, Washington, with offices and customers around the world. As of February 24, 2022, fabric received an overall rating of 4.6 out of 5 on Gartner Peer Insights™ in the Digital Commerce Space.
Source: https://fabric.inc/blog/series-c/