Pandeavor and Arnhold led a funding round in Fabric.

Pandeavor Ventures, a venture capital firm, and Arnhold, an investment management firm, led a funding round in Fabric, a startup that provides risk management software. Financial terms were not disclosed. “I have known Vikram Pandit and John Arnhold for many years and am delighted that Pandeavor Ventures and Arnhold LLC are leading this seed investment round. We all firmly believe that risk management is the most critical discipline on Wall Street and are committed to ensuring those capabilities are available to every investor. This investment will help fulfill our mission to level the playing field for individual investors by providing their advisors with the powerful tools to which banks and hedge funds have long had access,” Richard Bookstaber, Fabric Founder.