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New Deal


Announced

Completed

SoftBank led a $140m Series C round in fabric.

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

E-commerce

Venture Capital

e-commerce solutions

Minority

Acquisition

Single Bidder

Cross Border

software developer

Friendly

United States

Private Equity

Payments / Commerce

Private

Synopsis

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SoftBank, a company that specializes in growth capital and social impact investments, led a $140m Series C round in fabric, a company specializing in e-commerce platform development, with participation from Forerunner Ventures, Glynn Capital, Redpoint Ventures, Norwest Ventures and Stripes. "We truly appreciate the vote of confidence that Softbank and our other world-class investors have in our vision, our execution and our experienced team. 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. fabric truly is the future of digital commerce and our new customers Chico's, McDonald's, TriMark, L'azurde and most recently The Honest Company, are embracing it," Faisal Masud, fabric CEO.

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