Ankorstore, the B2B marketplace that facilitates connections between retailers and brands across Europe, has recently raised €250 million in its latest funding round, Series C. This funding round was led by Bond and Tiger Global, with participation from Eurazeo, Coatue, and existing investors such as Index Ventures, Bain Capital Ventures, GFC, Alven, and Aglae. As a result of this round, Ankorstore’s valuation now stands at approximately €1.75 billion, cementing its status as Europe’s newest unicorn.
Currently, Ankorstore connects a network of 200,000 retailers with 15,000 brands, providing a platform for independent brands and retailers to thrive. The company’s exponential growth has been evident, with sales volume surging by an impressive 950% between 2020 and 2021. In the past year alone, over 11,000 brands registered on the platform, bringing the total number of brands to more than 15,000. With a wide range of unique products available, Ankorstore offers customers access to over one million products.
Ankorstore’s ambitious plans for expansion include strengthening its presence in its European core markets and expanding into new territories. The company currently operates in 23 countries and has offices in key cities like Paris, London, Berlin, Amsterdam, and Stockholm. In the coming year, Ankorstore aims to open offices in Italy and Spain to better serve brands and retailers in those regions and enhance proximity and collaboration.
Co-CEO and co-founder Nicolas Cohen expressed his excitement about the funding, stating that it will allow Ankorstore to accelerate its operations and extend its reach. Cohen highlighted the significance of being close to brands and retailers and emphasized the company’s commitment to providing an exceptional customer experience. This includes developing local sales and customer support, fostering collaboration with brands and retailers, and ensuring hassle-free and secure order processing.
To achieve its vision, Ankorstore has adopted a robust growth strategy that encompasses both horizontal and vertical scaling. In addition to its current five core product categories, which include fashion and beauty, the marketplace has recently expanded to include two new categories: sports & well-being and pets. By continually introducing new product categories and features, Ankorstore aims to meet the evolving needs of its customers and strengthen its position as the leading B2B marketplace in Europe.
With its recent funding success and unicorn status, Ankorstore is well-positioned to maintain its rapid growth trajectory and revolutionize the wholesale market for independent brands and retailers in Europe. The company’s commitment to empowering independent businesses, along with its seamless and efficient B2B platform, sets it apart in the industry. As Ankorstore expands its operations and offerings, it is expected to bring further innovation and opportunities to the European retail landscape.
For more information about Ankorstore, visit their official website: https://www.ankorstore.com/
To learn more about the B2B marketplace industry, read this article: https://www.businessnewsdaily.com/16053-best-b2b-marketplaces.html
