Announced
Completed
Synopsis
Temasek, a Singaporean holding company, led a $200m Series C funding round in Fabric, a retail technology company on a mission to enable on-demand retail for everyone. Additional investors include Koch Disruptive Technologies, Union Tech Ventures, Harel Insurance & Finance, Pontifax Global Food and Agriculture Technology Fund, Canada Pension Plan Investment Board, KSH Capital, Princeville Capital and Wharton Equity Ventures. "At the center of this perfect storm of e-commerce is Fabric and our ability to enable on-demand retail at profitable unit economics. While we use the term ‘robocorn’ a bit tongue in cheek, we see this milestone as a real turning point in the industry, from what was once trepid exploration of micro-fulfillment to total market validation and now rapid expansion. We’re thankful to our partners for trusting us to serve them and to our incredible team who will continue moving mountains to make our vision a reality. This is still ‘day one’ for us, and we’re extremely excited about the road ahead as we expand our offering into new markets, drive more efficiencies across the supply chain, and focus on scaling," Elram Goren, Fabric CEO and Co-Founder.
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