Announced
Completed
Financials
Tags
e-commerce optimalization
Payments / Commerce
Minority
Netherlands
Private
Cross Border
Single Bidder
Friendly
Private Equity
software platform
Venture Capital
Acquisition
Completed
Synopsis
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.
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