The round was led by Stripes, with additional participation from B Capital Group, Greycroft and existing investors, including Norwest Venture Partners, Redpoint Ventures and Sierra Ventures. Closing only five months (161 days) after the company's Series A funding, the new round will fund Fabric's global expansion aimed at helping thousands more mid-size and enterprise B2B and B2C brands around the world deliver exceptional e-commerce experiences as trillions of dollars in commerce shifts online. Concurrent with the funding, Stripes partner Ron Shah will join Fabric's board of directors.

Fabric is the headless commerce platform purpose-built for growth. Customers like BuildDirect, abc carpet & home, GNC, and MSC trust Fabric for its open and modular design that allows them to be live within weeks without having to replatform. Fabric is a force multiplier on retailers' existing technology investments proven to grow digital revenue by up to 3x.