The e-commerce API provider plans to use the proceeds from the Rewe Group-backed round to expand internationally.

Germany-based e-commerce software provider Commercetools raised $140m in a series C round featuring retail and tourism company Rewe Group yesterday.

Venture capital firm Accel led the round, which was filled out by growth equity firm Insight Partners and which valued the company at a reported $1.9bn.

Commercetools provides a suite of about 300 e-commerce application programming interfaces (APIs) aimed at large enterprises. It also lets them design their own customised checkouts and shopping experiences, as opposed to using premade templates,…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
Email LinkedIn