Press Release

Ecommerce Platform Fabric Becomes Unicorn With $140 Million Series C

February 28, 2022

Palo Alto – February 28, 2022 – Cooley advised Fabric, a leader in “headless” commerce “connecting every sales channel (head) to a single source,” on its $140 million Series C funding round, which brings the company’s valuation to $1.5 billion. Lawyers Josh Seidenfeld and Daniel Lee led the Cooley team advising Fabric.

The funding round was led by SoftBank Vision Fund 2, with participation from Forerunner Ventures and Glynn Capital, as well as existing investors Redpoint Ventures, Norwest Venture Partners and Stripes.

“This round will allow us to increase the velocity of our innovation and product development while we continue to create technology that, unlike our competitors, bends to the needs of our customers, not the other way around,” Faisal Masud, CEO of Fabric, said in a press release.

Headquartered in Seattle, 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 hosted platforms to thrive in an ecommerce world. Customers trust Fabric for its open and modular design that allows them to be live within just a few months without having to replatform. Fabric also is a force multiplier on retailers’ existing technology investments, and has been proven to grow digital revenue by up to 300%.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,500 lawyers across 17 offices in the United States, Asia and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.