Fabric was founded in 2017 by Ryan Bartley and Shiv Agarwal. The company has not publicly endorsed a plan to pursue an IPO at this time. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Fabric develops flexible e-commerce platforms for retailers. A number of prominent brands have adopted their software, including McDonalds, Chicos, Pier 1 Imports, and Volcom. The company has raised $336 million in Venture Capital funding from investors including SoftBank Vision Fund, Forerunner Ventures, Redpoint, Stripes, Norwest Venture Partners, and Glynn Capital Management. In 2021 the company announced a valuation of more than $1 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/24/2022 | Series C | $140MM | $xx.xx | $145.55B | Forerunner Ventures, Glynn Capital, Norwest Ventures, Redpoint Ventures, Softbank, Stripes | |
Price per Share
$xx.xx
Shares Outstanding
6,612,453
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Forerunner Ventures, Glynn Capital, Norwest Ventures, Redpoint Ventures, Softbank, Stripes
|
||||||
10/23/2019 | Series B | $100MM | $xx.xx | $81.86B | Aleph, Canada Pension Plan Investment Board, Corner Ventures, Innovation Endeavors, La Maison, Playground Ventures, Temasek | |
Price per Share
$xx.xx
Shares Outstanding
6,484,527
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aleph, Canada Pension Plan Investment Board, Corner Ventures, Innovation Endeavors, La Maison, Playground Ventures, Temasek
|
||||||
02/15/2018 | Series A | $43MM | $xx.xx | $17.59B | Aleph, Innovation Endeavors, Playground Global | |
Price per Share
$xx.xx
Shares Outstanding
10,290,625
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aleph, Innovation Endeavors, Playground Global
|
||||||
08/01/2017 | Series Seed-1 | $4.07MM | $xx.xx | $2.11B | Aleph, Innovation Endeavors | |
Price per Share
$xx.xx
Shares Outstanding
5,603,673
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aleph, Innovation Endeavors
|
||||||
08/01/2017 | Series Seed | $6.5MM | $xx.xx | $2.11B | Aleph, Innovation Endeavors | |
Price per Share
$xx.xx
Shares Outstanding
8,938,394
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aleph, Innovation Endeavors
|