This latest round of funding helps Mirakl reach a $3.5B valuation. Here are the top-line bullets you need to know.
Mirakl, a marketplace platform for e-commerce stores, has raised $555M in a Series E round. The round drew participation from Silver Lake, Elaia Partners, 83North, Felix Capital, and Permira.
HOW’S THE COMPANY PERFORMING?
- France-based Mirakl manages B2B and B2C marketplaces for over 300 brands, including Carrefour, ABB, Best Buy, Accor, Airbus Helicopters, Toyota Material Handling, and Metro.
- Mirakl reported 90% YoY bookings value growth in H1’21.
- The company reports that $3.1B in GMV was generated on Mirakl-powered marketplaces in 2020 and that its customers experienced an average year-over-year growth rate of 110%.
Source: Mirakl
WHY DOES THE MARKET MATTER?
- The global B2B e-commerce market is projected to grow at a CAGR of 18.7% to reach a value of $25.65T by 2028, according to Grand View Research.
- Several vendors have adopted digital transformation initiatives to ensure smooth operations, which has led to a growing demand for technologies to help manage online shopping operations, payments processing, and more.
- The onset of the Covid-19 pandemic and subsequent rise in the volume of online purchases have also contributed to market growth.
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