Atomico and General Catalyst led a $50m Series B round in ChannelEngine.

Atomico, an investment firm that focuses on helping disruptive technology companies scale globally, led a $50m Series B round in ChannelEngine, a company which helps brands, wholesalers, and retailers to effectively sell on marketplaces in a fully automated way. with participation from General Catalyst, Inkef, Airbridge Equity Partners, and Stephan Schambach. “The COVID-19 pandemic dramatically accelerated the adoption of e-commerce, which now accounts for 20% of all global retail sales. The global e-commerce market is expected to grow by over $500 billion between 2022 and 2023 alone. By building the largest e-commerce operating platform, ChannelEngine is set to capitalize on this opportunity by giving brands and retailers instant access to the global marketplace,” Luca Eisenstecken, Atomico Principal.