German business software maker Spryker raises more than $130M
Berlin-based Spryker has raised over $130 million in a Series C financing round, led by Silicon Valley-based TCV. Existing investors One Peak from London and Project A Ventures from Berlin also participated in the round, which has pushed Spryker’s valuation above $500 million.
Spryker is a provider of a commerce technology platform for global enterprises. It enables companies to build transactional business models in B2B, B2C, and marketplaces thanks to its API-based architecture, combined with a modular packaged business capabilities design.
Founded in 2014, Spryker has offices in Germany, USA, UK, Netherlands, and Ukraine with over 250 employees. Its customer base includes over 150 global clients, such as Toyota, Siemens, Tom Tailor, Aldi and others.
The fresh funding will be used to further develop the company’s B2B and marketplace products, and to expand its international footprint with a focus on the US, which already accounts for 10% of its annual software revenue.