E-Commerce-Tech Startup Fabric Raises $100 Million in New Round

Fabric, a startup specializing in e-commerce platform development, raised $100 million in new funding as the pandemic puts a renewed focus on companies’ digital capabilities.

The round was led by Stripes, a New York-based private equity firm, and included new investors B Capital Group and Greycroft. Seattle-based Fabric is now valued at $850 million, according to a person familiar with the matter who asked not to be identified discussing private information. That’s up from a prior valuation of $193 million, according to data provider PitchBook.

The startup allows companies to customize their websites with digital storefronts and back-end ...