The investment firm The Fabric is set to unleash $20 million in new funding having sourced $20 million from the likes of Verizon Ventures, Citrix, and Hitachi. Those funds are targeted at startups. And hope springs eternal that one of those investments hits a return like it found with the likes of VeloCloud, Perspica, and Appcito.
I enjoyed answering M.R. Rangaswami’s questions where we summarized The Fabric’s birth, our approach in co-creating companies with entrepreneurs, and differences between The Fabric and accelerators, VC firms. Read the interview in full:
The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners a Los Angeles-based venture capital firm.