Founders of Spryker Alexander Graf and Boris Lokschin Source: Spryker

News - Spryker raises $130m to expand B2B and marketplace function

By M Ryan

December 17th, 2020. Spryker has announced that it has raised $130m in a Series C financing round, principally from new investor California-based TCV, that also has invested in AirBnB, Avalara, Brightmail, ExactTarget, Klarna, Sitecore, Toast, but also from its (much smaller) existing investors One Peak, a London-based investment company with Eur700m assets under management (AUM) and who can't be bothered to make their website secure or conform to GDPR, and Project A Ventures, a so-called Operational Venture Capital firm that provides investment as well as technology support, with $500m AUM.

The investment values Spryker at over $500m. The announcement included statements from Spryker CEO and founder Boris Lokschin and Gopi Vaddi a general partner at TCV who will be joining the Spryker board of directors. Alexander Graf is the other founder.

Founders of Spryker Alexander Graf and Boris Lokschin  (Source: Spryker)

Spryker explains the investment will be used to expand on its B2B commerce and marketplace functionality and extend its US presence which currently accounts for 10% of the software revenue of this Berlin-based ecommerce technology vendor.

Spryker is a member of our ecommerce platform shortlist and is a headless, API-led B2C and B2B ecommerce platform founded in 2014, and which now has a team of 250 and offices in Germany, US and UK.