German commerce tech startup Spryker raises $22 million in new funding

Spryker Systems, developer of a commerce-focused operating system, has raised $22 million led by One Peak Partners with participation from Project A.

The Hamburg/Berlin-based company builds the Spryker Commerce OS, a platform for B2B and B2C companies to develop user interfaces on mobile, voice, and IoT to better reach customers. Spryker will be investing the new cash in product development and accelerating its international expansion for eventual profitability. Its clients include Bosch and construction multinational HILTI.

“Technology from the past cannot be the response to new digital challenges and increased expectations in respect of ROI, lean methodologies, and beyond-desktop interfaces – a fact which has already been proven by the market,” said Boris Lokschin, Co-CEO of Spryker.

“As our technology has been created to address exciting opportunities such as the internet of things, voice interfaces, and Amazon-like speed and personalization, we now have an extraordinary advantage.”

Spryker has exhibited a “highly profitable growth trajectory”, according to David Klein, managing partner at One Peak. “Spryker’s Commerce OS ticks all the boxes to become the new global standard in both B2B and B2C.”