.
MergerLinks Header Logo

New Deal


Announced

Completed

SoftBank Vision Fund 2 led a $115m Series D funding round in CommerceIQ.

Financials

Edit Data
Transaction Value£87m
Consideration TypeCash
Capital Owned-
Capital Bid For12%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Friendly

Private

Minority

Domestic

Completed

E-commerce

e-commerce solutions

algorithmic platform

United States

Venture Capital

Acquisition

Synopsis

Edit

SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, led a $115m Series D funding round in CommerceIQ, a retail ecommerce management platform, with participation from Insight Partners, Trinity Ventures, Shasta Ventures, and Madrona Venture Group. “As eCommerce penetration continues to surge, competition and technical complexity will make it harder than ever for brands to stand out online. We believe that CommerceIQ can provide companies with a substantial edge by harnessing the power of algorithms and automation to supercharge their online presence. We are delighted to partner with Guru and the team on their mission to help brands win in eCommerce," Priya Saiprasad, SoftBank Partner.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US