We've been backing the best of Web3 from pre-seed to growth since 2012. Our LPs are institutional investors, web3 founders and HNWs with a common belief in a decentralised future. Find out more about Fabric's funds by registering below. For any questions please email ir@fabric.vc
AI first services will be supported by the Machine Economy
Fabric is a thesis driven venture firm that backs companies from inception, building a human-centric future for the machine economy.
Who we are
We are a team of 15 people made up of founders, operators and engineers with experience starting and scaling companies over four decades across the Internet, cloud, social, crypto, web3, fintech & AI.
To date, Fabric and it's partnership have backed 1 centicorn, 3 decacorns, 10 unicorn companies and 6 of which are from inception. These include Wise, Metamask, Monzo, Revolut, Near, Polkadot, Sorare, Kraken (via acquisition), Coinbase (via acquisition), Immutable, 1inch, and Skymavis.
Within our Fabric, each individual’s contribution is a piece of thread that plays towards who we are as a fund.
Each thread is intricately connected, symbolizing the collaboration and interconnectedness within the Machine Economy. The power lies not only in individual contributions but in our community, compounding every day.
Our Origin Story
1991 to 1995
Richard, Steven, Kosten (reading Engineering) & Christina are at Cambridge University. They mostly row but little did they know they would all end up in crypto together.
1995 to 2000
Richard co-founds Orchestream with Steven as an advisor. Kosten joins. The company lists on LSE and Nasdaq in 2000
2001 to 2009
Richard forms part of initial team for Accel Europe in 2001. Incubates Tideway as an EIR which is bought by BMC Software (Nasdaq) in 2009.
2012 to 2017
Anil, Alain and Richard co found Firestartr to back frontier founders at seed in 2012. Richard partners with the MySQL founders to raise the first institutional fund, writes first thesis. Anil co-founds PayPal Ventures Europe.
2017 to 2021
Max, Anastasiya and Christina drive Firestartr’s focus on digital assets & blockchain under the Fabric brand. We secure backing of European Investment Fund.
2021 to 2025
Fabric’s EIR activities structured under R[3]sidency brand with Coinbase partnership. Size of community hits 100,000.
Where Does The Name Fabric Come From
We are not named after the London nightclub. Fabric comes from the team’s work on high-speed switching and routing “fabrics” during the early internet build-out in the 1990s. It also reflects the idea that strong systems and societies, are built by interweaving many threads through well-applied technology.
Our original brand, Firestartr, referenced both the Prodigy song and a Sequoia paper highlighting how a small spark, applied to correctly kindling, can ignite ‘an inferno of demand.
