commercetools, a München, Germany-based provider of e-commerce APIs that larger retailers can use to build customized payment, check-out, social commerce, marketplace, and other services, raised $140 million in Series C funding, values the company at $1.9 billion.
The round was led by Accel, with previous investors Insight Partners and REWE Group also participating.
commercetools will use the funds to continue organically growing its business, as well as to undertake acquisitions to add new customers and technology, taking advantage of some of the scaling and consolidation that is occurring throughout the whole e-commerce industry.
Company: commercetools GmbH
Round: Series C
Funding Month: September 2021
Lead Investors: Accel
Additional Investors: Insight Partners and REWE Group
Company Website: http://www.commercetools.com/
Software Category: e-commerce platform with a cloud-native and API-first architecture
About the Company: commercetools is the largest and fastest-growing enterprise commerce platform with a cloud-native and API-first architecture. commercetools recognized by Forrester, Gartner, and IDC as a leading software company within the commerce industry. With offices in Germany (Munich, Berlin, Jena), the Netherlands (Amsterdam), Great Britain (London), the United States (Durham/North Carolina), Singapore, Vietnam, and Australia (Melbourne) serving its customers across the globe - 24x7. commercetools powers the (e)commerce sites and businesses of companies like Audi, Bang & Olufson, Cimpress / Vistaprint, Express, K-Mart, Lego, and Volkswagen.