Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /srv/data/web/vhosts/9c4ed7a78a.url-de-test.ws/htdocs/wp-includes/functions.php on line 6121
Akeneo raises a $46 million series C led by Summit Partners to expand its leadership in Product Experience Management (PXM) – Alven

Akeneo raises a $46 million series C led by Summit Partners to expand its leadership in Product Experience Management (PXM)

News

Akeneo, a global leader in Product Experience Management (PXM) solutions for corporate brands and retailers, today announced it has raised $46 million in funding led by global growth equity investor Summit Partners. Existing investors Alven, Partech, and Salesforce Ventures, as well as Akeneo’s board member Stephan Dietrich, also participated in the round. Alven had led the €2.4 million series A round in September 2014 and participated in the $13 million series B round in March 2017.

Akeneo’s open source SaaS platform provides a comprehensive solution to manage product information and omnichannel catalogs. In the era of experience-driven commerce, both B2C and B2B brands and retailers are increasingly relying upon the power of unified product information to deliver compelling and relevant customer experiences across all sales channels. Akeneo has become the most used product information management (PIM) platform in the world and has achieved compound triple-digit revenue growth for the sixth consecutive year. It has more than 60,000 live implementations and serves international brands including Sephora, Fossil and Staples CA.

Akeneo is a global leader in Product Experience Management (PXM) solutions that help merchants and brands deliver a compelling customer experience across all sales channels, including eCommerce, mobile, print, and retail points of sale. Akeneo’s open source enterprise PIM, and product data intelligence solutions, dramatically improve product data quality and accuracy while simplifying and accelerating product catalog management. Leading global brands, including Sephora, Fossil, Shop.com, and Auchan trust Akeneo’s solutions to scale and customize their omnichannel and cross-border commerce initiatives. Using Akeneo, brands and retailers can improve customer experience, increase sales, reduce time to market, go global, and boost team productivity.

With the new funding, Akeneo intends to continue to invest further in its sales and marketing efforts in the United States, while doubling down on research and development, including product data intelligence to boost product information automation and monitor product experience quality. The company also plans to hire more than 100 additional staff in the upcoming year to support this next round of rapid growth.


Share

The Debrief: the brand, a compass in times of crisis (webinar)

An Alven > Ogilvy Consulting exclusive webinar – Summary of May 26th session

Read

Xwing Raises $10M Series A to Accelerate Development of Autonomous Technology for Pilotless Planes

Software and Aviation veterans who led numerous unmanned aircraft programs build new software stack to help autonomous air travel take flight

Read

Alven welcomes Victor Charpentier as Associate

Today, Alven announces the arrival of Victor Charpentier as an Associate at Alven. Victor started his career as an entrepreneur and founder…

Read