Facts
- HQ
- Palo Alto, California, US
- Sectors
- Technology, Information and Internet
- Employees
- 849
- Stage
- subsidiary
Sean Maier: Rising 2023–24 VC Rounds and Valuations Raise ARR and Burn Expectations for Seed, Series A and B
Sean Maier argues that venture valuations and round sizes have rebounded since 2023, likely driven by AI enthusiasm, but investor expectations—measured by ARR thresholds and burn multiples from sources like Christoph Janz’s SaaS Napkin and Wing’s V21 study—have risen, meaning startups must raise more capital or demonstrate greater progress to hit milestones while avoiding inefficient high burn.
Former Fabric CEO Faisal Masud Joins HP as SVP and President of New WW Digital Services Division
Former Fabric CEO Faisal Masud has joined Hewlett-Packard as senior vice president and president of the new WW Digital Services division within HP Workforce Solutions, remaining based in Seattle. Masud brings extensive experience from Amazon, eBay, Groupon, Staples, and Alphabet's Wing, while Fabric continues to grow under new leadership after a $140 million funding round.
Fabric raises $100M Series B at $850M valuation as revenue jumps 800% and headcount hits 161
Seattle e-commerce startup Fabric raised $100 million in a Series B that values the four-year-old company at $850 million after reporting revenue growth of more than 800% year-over-year and expanding headcount to 161.
Fabric raises $43M Series A from Norwest to sell headless commerce platform to mid-market retailers
Seattle-area e-commerce startup Fabric raised $43 million in a Series A led by Norwest Venture Partners to help mid-market retailers build modular, headless commerce systems and compete with Amazon amid a pandemic-driven online shopping surge. Founded by Faisal Masud, Fabric offers commerce APIs used by brands like GNC and Juicy Couture and had raised $9.5 million in seed funding five months earlier.
Fabric, led by ex-Amazon exec Faisal Masud, raises $9.5M seed from Redpoint to offer headless e-commerce for mid-market brands
Fabric, a Seattle-area startup led by former Amazon and Staples executive Faisal Masud, emerged from stealth and raised $9.5 million in seed funding led by Redpoint Ventures to provide a headless, API-first e-commerce platform for mid-market brands that have outgrown Shopify but aren’t ready for enterprise solutions.
