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, which allows for continuous improvements and the addition of premium services. The company's goal is to help businesses efficiently build and manage their online presence in the digital commerce space.

Simplify's Take

What believers are saying

• Commercetools is recognized as a market leader in enterprise commerce technology.
• The company has launched innovative solutions like Foundry for B2C retailers.
• Partnerships with companies like PayPal Braintree enhance payment options for customers.

What critics are saying

• Increased competition from platforms like Shopify could erode Commercetools' market share.
• Recent layoffs may indicate financial pressures affecting innovation and competitiveness.
• Reliance on third-party providers like PayPal Braintree poses potential service disruption risks.

What makes Commercetools unique

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

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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