Diligence memo · auto-generated · as of July 2, 2026
Commerce Fabric, Inc.
Commerce Fabric, Inc. has raised $297M over 5 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Commerce Fabric, Inc. operates in Consumer / Retail, based in SEATTLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Commerce Fabric, Inc. has raised $297M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $140M on 2022-02-24.
Most recent recorded round closed around 2022-02-24.
Valuation (modeled)modeled
Provath models Commerce Fabric, Inc. at approximately $839M (range $714M–$1.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 4.4 yr ago; this sector typically re-raises about every 15 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Consumer / Retail peers (1161 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: Transcendent Brands LLC.
Peoplefiled
10 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.