Companies · Consumer / Retail

Commerce Fabric, Inc.

SEATTLE · Consumer / Retail · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Commerce Fabric, Inc. — recommendation, valuation, rhythm, risks.
$296.6M
Total raised · real
5
Rounds
1.4×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Feb 24 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Commerce Fabric, Inc. has raised $297M over 5 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the retail sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 4.3 yr ago; this sector typically re-raises about every 15 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Consumer / Retail

Commerce Fabric, Inc. is one of 1161 Consumer / Retail companies tracked from SEATTLE. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
8
Investors (latest)
2020
Year incorporated
2022-02-24
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$250M$500M$750M$1.0BSeries A · 2019-07-03 Raised $4.1M (real) Modeled valuation $21M (est)$4.1M$21MSeries A2019Seed · 2019-07-03 Raised $3.1M (real) Modeled valuation $20M (est)$3.1M$20MSeed2019Series A · 2020-08-28 Raised $9.6M (real) Modeled valuation $48M (est)$9.6M$48MSeries A2020Series C · 2021-02-08 Raised $43M (real) Modeled valuation $245M (est)$43M$245MSeries C2021Series C · 2021-07-09 Raised $100M (real) Modeled valuation $561M (est)$100M$561MSeries C2021Series D+ · 2022-02-24 Raised $140M (real) Modeled valuation $839M (est)$140M$839MSeries D+2022+$3.1M+$9.6M+$43M+$100M+$140MCumulative $300M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$4.1M · 2019
Bridge · Series A-stage$3.1M · 2019smaller follow-on
Series A extension$9.6M · 2020
Series C$43.0M · 2021no Series B on file
Series C extension$100.0M · 2021
Series D+$140.0M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$839.4M
Base estimate est.
$714.0M
Conservative case
$1.5B
Upside case
$1.2B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the retail sector profile. Directional, not a quoted figure.

Series A · modeled $20.9M · 2019-07-032019Seed · modeled $19.6M · 2019-07-03Series A · modeled $48.1M · 2020-08-28Series C · modeled $244.8M · 2021-02-08Series C · modeled $560.8M · 2021-07-09Series D+ · modeled $839.4M · 2022-02-242022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
77%
Survival probability
61% low · 85% high
0.99×/yr
Annual markup
1.10×/yr upside case
4.3 yr
Elapsed time used
4.3 yr actual, capped for stale marks
retail
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$112.0M/yr
Capital velocity
7.0 yr
On record since
2019
First round
6
Rounds on file
How it compares to the market

Benchmarked against 1161 companies in Consumer / Retail. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 90× above median
This company$296.6M
Sector median$3.3M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.0× above median
This company$140.0M
Sector median$134.0M
Modeled value — vs sector median (estimate, all stages) 107× above median
This company$839.4M
Sector median$7.9M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Commerce Fabric, Inc. this companySeries D+$296.6M$839.4M1.11×
Transcendent Brands LLCSeries D+$112.5M$674.7M0.89×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$4.1M2019-07-03$18.5M$20.9M90%
Seed$3.1M2019-07-03$15.5M$19.6M90%
Series A$9.6M2020-08-28$43.5M$48.1M90%
Series C$43.0M2021-02-08$286.7M$244.8M90%
Series C$100.0M2021-07-09$666.7M$560.8M90%
Series D+$140.0M2022-02-24$1.2B$839.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$4.1M2019-07-03
    • First recorded raise — entered as Series A.
    • 20 investors on this round.
  2. Seed$3.1M2019-07-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Series A$9.6M2020-08-28
    • Raised 14 mo later, in step with the ~15 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 24 investors on this round.
  4. Series C$43.0M2021-02-08
    • Came back fast: 5 mo vs the ~15 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
    • 4 investors on this round.
  5. Series C$100.0M2021-07-09
    • Came back fast: 5 mo vs the ~15 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 17 investors on this round.
  6. Series D+$140.0M2022-02-24
    • Came back fast: 8 mo vs the ~15 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 8 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~6mo cadence
$196.0M
Modeled next size est.range $140.0M$313.6M
1.4×
Last step-up
$112.0M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Tim Guleri12 other2020-08
Alex Bard7 other2020-08
Ron Shah5 other2021-07
Scott Beechuk5 other2021-02
Robert Kaplan3 other2022-02
Faisal Masud2 other2020-08
Nevin Shetty1 other2021-07
Scott Beechuck1 other2022-02
Krupa Shah2021-07
Ryan Bartley2019-07
Registry & provenance

Commerce Fabric, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1780904
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Bluecore, Inc.OtherSeries D+$242.8M$226.4Mnetwork2 shared operators · same stage
Shopify Inc.Consumer / RetailSeries D+$237.0M$978.2Msame sector · same stage
Kustomer, Inc.Other TechnologySeries C$190.0M$203.2Mnetwork2 shared operators
PREMIUM BRANDS HOLDINGS CorpConsumer / RetailSeries D+$156.8M$949.6Msame sector · same stage
Kitu Super Brands, Inc.Consumer / RetailSeries D+$154.4M$625.4Msame sector · same stage
Personalized Beauty Discovery, Inc.Consumer / RetailSeries D+$137.4M$789.6Msame sector · same stage
Qualified.com, Inc.Other TechnologySeries C$133.1M$1.3Bnetwork2 shared operators
FullStory, Inc.Other TechnologySeries D+$197.3M$470.1Mnetwork1 shared operator · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
1 Commerce, Inc.Consumer / RetailSeries A$16.5M89%
Commerce Layer, Inc.Consumer / RetailSeries B$83.7M88%
Deck Commerce, Inc.Consumer / RetailSeries A$31.5M87%
Woven Brands, LLCConsumer / RetailSeed$5.9M87%
Direct Commerce, Inc.Consumer / RetailSeries A$8.5M86%
Welcome Commerce, Inc.Consumer / RetailSeries A$14.1M86%
Flow Commerce Inc.Consumer / RetailSeries B$208.3M85%
Textile-Based Delivery, Inc.Other TechnologySeries A$68.4M84%
Frequently asked
How much funding has Commerce Fabric, Inc. raised?
Commerce Fabric, Inc. has raised approximately $296.6M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Commerce Fabric, Inc.'s estimated valuation?
Provath's modeled valuation for Commerce Fabric, Inc. is approximately $839.4M (modeled range $714.0M–$1.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Commerce Fabric, Inc. at?
Commerce Fabric, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Feb 24.
What does Commerce Fabric, Inc. do and where is it based?
Commerce Fabric, Inc. operates in the Consumer / Retail sector, based in SEATTLE.
Explore related

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