DJUST, a Paris, France-based B2B eCommerce SaaS platform, today announced that it has raised €12 million in a Series A funding round to accelerate its market expansion.
The round was led by New Enterprise Associates (NEA) with additional participation from Elaia Partners. With the new funding, the company plans to expand into markets across Europe, the UK, and the US and invest in developing solutions for its core product.
The company offers a purpose-built B2B commerce platform that enables professional buyers and sellers to have a frictionless buying experience and accelerate growth.
"The B2B eCommerce journey has been upended over the past decade, and behaviors and expectations on both the buyer and seller end have significantly changed the way B2B companies need to acquire, convert, retain, and expand customers. Yet many B2B companies are left to deal with these shifts on their own, supported only by outdated solutions that don't fit their current needs," said Arnaud Rihiant, Founder and CEO, of DJUST. "We want to free all businesses of the hassle of building, launching, and running B2B commerce. That will happen when companies stop making small adjustments to outdated systems and instead embrace an integrated, modular, and powerful platform. In turn, that future-proofs new growth opportunities and excellent customer service."
Company: DJUST
Raised: €12.0M
Round: Series A
Funding Month: June 2023
Lead Investors: New Enterprise Associates (NEA)
Additional Investors: Elaia Partners
Company Website: https://www.djust.io/
Software Category: B2B eCommerce SaaS platform
About the Company: Founded in 2020 by Arnaud Rihiant, DJUST is a SaaS B2B eCommerce solution providing flexibility and adaptability to businesses of all sizes across industries such as food & beverages, fashion, beauty & care, construction, pharmaceuticals, and retailers. DJUST's platform offers customization, data syncing, and powerful data insights, allowing businesses to adapt to new buyers' expectations. The platform supports various B2B scenarios, including online catalogs, B2B eCommerce, eProcurement, and marketplace connectors.
Source: https://www.prnewswire.com/news-releases/djust-raises-12m-to-simplify-b2b-commerce-across-europe-uk-and-us-301847953.html