On February 9, 2021, Fabric, a headless commerce platform purpose-built for growth, announced a $43 million Series A funding round led by Norwest Venture Partners, with participation from Redpoint Ventures and Sierra Ventures. Wilson Sonsini Goodrich & Rosati advised Fabric on the financing.
The proceeds from the investment, which comes just months after Fabric announced a $9.5 million seed funding, will be used to accelerate product development of the company’s headless commerce platform, expand the Fabric team, and meet the growing demand for its commerce technology.
Fabric's platform is an API-driven, modular system built to help growing D2C and B2B brands scale. Companies can utilize either the entire, extensive Fabric suite or incorporate specific tools into their existing system, including an Experience Manager (XM), Product Information Manager (PIM), and Order Management System (OMS). Unlike the traditional laborious processes required to modernize a brand's e-commerce platform, Fabric takes only weeks to onboard, saving companies time and money.
The Wilson Sonsini team that advised Fabric in the financing includes:
Corporate
Raj Judge, Partner
Melinda Douglass, Senior Counsel
Rowena Chen, Associate
Amaan Shaikh, Venture Counsel
Delaware Corporate
Ryan Greecher, Partner
James Griffin-Stanco, Associate
Employee Benefits and Compensation
Sriram Krishnamurthy, Partner
For more information, please see Fabric’s press release.