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.