Headless Commerce Leader Fabric Announces $140 Million Series C Funding Led By Softbank
02/24/22, 8:30 AM
Money raised
$140 million
Round Type
series c
fabric, a leader in headless commerce, today announced the closing of a Series C funding round of $140M led by Softbank, with participation from Forerunner Ventures, Glynn Capital and existing investors Redpoint Ventures, Norwest Ventures and Stripes. This latest round of funding closes a mere 219 days after Series B and values fabric at approximately $1.5B. Concurrent with the funding, Robert Kaplan from Softbank will join fabric's Board of Directors. In 2021, fabric achieved 4.5x YoY revenue growth.
Company Info
Additional Info
Today, a startup called Fabric, which is building technology to help those other retailers — big and small — compete more squarely against that muscle specifically in fulfillment with robotics technology, “micro-fulfillment” centers and last-mile operations, is announcing $200 million in funding. It’s a big round at a big valuation — over $1 billion, Fabric says. When Fabric started in 2015, he said a lot of the company’s thinking was focused around groceries, since e-commerce penetration was very low, at about 1%.