What is Fabric?
Founded in 2015 and operating from Tel Aviv and New York, Fabric specializes in developing advanced robotics technologies for urban logistics. The company empowers retailers to manage on-demand fulfillment by transforming underutilized retail spaces into efficient delivery centers. Its robotic systems are designed to store, sort, and process inventory, enabling rapid deliveries of essential products such as food and pharmaceuticals. Fabric's innovative approach addresses the growing demand for quick commerce solutions within metropolitan areas.
How much funding has Fabric raised?
Fabric has raised a total of $359M across 4 funding rounds:
Angel/Seed
$6M
Series A
$43M
Series B
$110M
Series C
$200M
Angel/Seed (2017): $6M with participation from Aleph and Innovation Endeavors
Series A (2018): $43M led by Norwest Venture Partners
Series B (2019): $110M supported by Innovation Endeavors, Playground, Corner Ventures, Aleph, la Maison, CPP Investments, and Temasek
Series C (2021): $200M featuring Koch Disruptive Technologies, Union Tech Ventures, Temasek, and Harel Insurance & Finance
Key Investors in Fabric
Aleph
Aleph is an early-stage venture capital fund that partners with entrepreneurs to scale their companies into globally recognized brands. They invest across various sectors including transportation and logistics.
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm focused on visionary founders and transformational technologies, particularly in areas like logistics and advanced engineering.
Norwest Venture Partners
Norwest Venture Partners is a prominent venture capital firm that invests in growth-stage companies across various technology sectors, including logistics and supply chain solutions.
What's next for Fabric?
The recent major strategic investment signifies a pivotal moment for Fabric, positioning it for accelerated growth and market penetration. With a total funding base of $359M, the company is well-equipped to scale its operations, enhance its robotic fulfillment infrastructure, and expand its service offerings. This capital infusion is expected to drive further innovation in logistics automation and solidify Fabric's role as a key player in the future of urban commerce and last-mile delivery solutions.
See full Fabric company page
