Elastic Path, a Boston, MA, USA -based creator and leader of the Composable Commerce Movement, announced a $60 million growth financing round from funds and accounts managed by BlackRock with participation from existing investors, led by Sageview Capital.
With this new infusion of capital, Elastic Path has now raised over $120 million and is well-positioned to continue leading the market transition from traditional, monolithic commerce solutions to Composable Commerce.
This new capital will allow Elastic Path to build on a strong 2021 as the market shift to Composable Commerce accelerates.
Company: Elastic Path Software Inc.
Raised: $60.0M
Round: Growth funding
Funding Month: February 2022
Lead Investors: Sageview Capital
Additional Investors:
Company Website: https://www.elasticpath.com/
Software Category: Composable Commerce Movement
About the Company: Elastic Path is the company powering mission-critical digital commerce for the world's leading brands, such as Intuit, Pella, Deckers Brands, T-Mobile, and over 250 other leading brands. As relentless innovators, Elastic Path pioneered the Headless Commerce space in 2011 and spearheaded Composable Commerce in 2020. Elastic Path provides industry-leading headless commerce solutions for digitally-driven brands to rapidly build, deploy, and continuously optimize highly differentiated commerce experiences. Elastic Path is a global company with offices in Boston, Newcastle, Reading, Toronto, and Vancouver.
Source: https://www.elasticpath.com/resources/press-releases/elastic-path-secures-60m-growth-funding?utm_medium=organic_social&utm_source=linkedin