The Netherlands-based feed management startup Channable raised over €55 million in Series B funding. The round was led by Partech with existing investor Peak. The latest round of capital will fuel global expansion, accelerate the company’s R&D efforts and build on the company’s global sales and marketing momentum.
Founded in 2014 in Utrecht by Rob van Nuenen, Stefan Hospes and Robert Kreuzer, the startup enables e-commerce companies across the globe to effectively sell, advertise, market and manage their online sales.
Talking about how the startup plans to expand further, Rob Van Nuenen, Co-Founder and CEO, Channable said: "Considering the increased demand in e-commerce, it can get complicated without the right tools. This latest round of funding will help us make e-commerce easier by serving more clients globally, while building on our innovative, ready-to-use technology, and best-in-class support.”
Bruno Crémel, General Partner, Partech said: “The shift to multichannel commerce and the convergence of marketing channels and commerce channels creates complexity for merchants. Channable’s easy-to-use solutions allow brands and retailers to efficiently increase their audience and grow revenues.”
Since its inception, the company has amassed over 6,000 customers globally, processing more than 55 billion items per day (representing a 91 percent increase year over year) via 2,500 local and global channels across comparison websites, marketplaces, search engines, and social networks.