Fabric: Raises $43M in Series A Funding

  • Fabric, a Bellevue, Wash.-based headless commerce platform, raised $43m in Series A funding
  • The round led by Norwest Venture Partners, with participation from Redpoint Ventures and Sierra Ventures
  • In conjunction with the funding, Scott Beechuk, partner at Norwest Venture Partners, will join the board of directors
  • The company intends to use the funds to accelerate product development of its headless commerce platform, expand the team and meet the demand for its commerce technology
  • Led by Faisal Masud, CEO, Fabric provides an API-driven, modular system, for D2C and B2B brands to scale
  • With Fabric, marketers and merchants can execute on creative decisions, without pulling in extensive engineering resources
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions.Highlights: One in seven UK high street shops went cashless...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties.Highlights: Morgan Stanley plans to cut 2,500 jobs across various...

Lloyds to Sell Customer Data to Cut IT Costs and Strengthen Fintech Position

The bank aims to optimize operations and enhance its fintech offerings.Highlights: Lloyds is selling customer data to reduce...

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market.Highlights: Robinhood's new Platinum credit card costs $695...