Participated · Series C · Oct 2021

Founded in 2015, Fabric builds and operates dozens of compact, automated storage facilities that hold fast-moving inventory for retail partners. Orders placed through a partner’s app are routed to the nearest Fabric site, where robots pick items and couriers handle last-mile delivery, allowing customers to receive goods in as little as an hour. The company emphasizes its proprietary automation technology, claiming it is the core differentiator behind its rapid fulfillment capabilities. While Fabric initially targeted general e-commerce items such as electronics and household goods, it now concentrates on groceries and other edibles where delivery speed is critical. The startup reported a peak throughput of 600 orders per day from a single location. In its most recent fundraising, Fabric raised $200 million, bringing its valuation to approximately $1 billion. These funds give the company significant capital to expand its micro-fulfillment network across additional U.S. metropolitan areas and further develop its robotics platform.