Overview

Commercetools provides a cloud-based platform designed for eCommerce businesses, enabling them to create and manage online stores. The platform is built around an API-first approach, allowing easy integration with existing systems and supporting modern technologies like GraphQL, SCALA, and REST API. This flexibility and scalability make it suitable for a wide range of clients, from small startups to large enterprises in various industries such as retail and fashion. Commercetools operates on a subscription-based model, where clients pay a recurring fee for access to its features and services, which also include premium options and custom solutions. The company's goal is to help businesses efficiently build and manage their online presence while continuously improving its offerings.

Simplify's Take

What believers are saying

• Commercetools is recognized as a market leader in enterprise commerce technology.
• The company has launched Foundry for B2C retailers, enhancing composable commerce solutions.
• Partnerships with companies like SkillNet boost digital transformation capabilities.

What critics are saying

• Recent layoffs may indicate internal financial or strategic challenges.
• Retailers feel unprepared to manage digital operations, risking customer dissatisfaction.
• Rapid digital transformation may strain Commercetools' resources and competitive edge.

What makes Commercetools unique

• Commercetools offers a cloud-native, component-based, tech-agnostic, composable platform.
• The platform's API-first approach allows seamless integration with existing systems.
• Commercetools supports modern technologies like GraphQL, SCALA, and REST API.

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Funding

Total Funding

$300.8M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Insight PartnersAccel

Notable Investors:

Insight PartnersAccel

$140,000,000

Series C

Sep 2021

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$140M

View all funding stages