Fabric raises $140M Series C led by SoftBank at $1.5B valuation to scale e-commerce platform

Seattle e-commerce platform Fabric, led by former Amazon executives and CEO Faisal Masud, raised $140 million in a Series C led by SoftBank at a $1.5 billion valuation, bringing total funding to $293.5 million. The 300-person company provides APIs and software for mid-market retailers (clients include Chico’s, McDonald’s, TriMark, L’azurde and The Honest Company) to manage pricing, inventory, storefronts and checkout as commerce moves online.