The company builder has raised capital from investors including Verizon Ventures and March Capital Partners for a first close of its third fund.
US-based company builder The Fabric has secured $15m in capital from investors including telecommunications firm Verizon’s corporate venturing subsidiary, Verizon Ventures, for its third fund.
Venture capital firm March Capital Partners has also contributed to the first close of Fabric 3, which is expected to reach its final close by the end of next month.
Founded in 2012, The Fabric collaborates with entrepreneurs to create cloud and infrastructure internet-of-things (IoT) technology companies it helps to fund through series A stage.
Verizon…
