commercetools

commercetools, a spun out of REWE, is a next-generation software technology company that offers a true cloud commerce platform, providing the building blocks for the new digital commerce age.

commercetools offers cloud-based e-commerce software focused on APIs and micro services for real omnichannel customer experiences.

commercetools was founded in 2006. The company is headquartered in Munich with offices in Berlin and Jena (GER), Amsterdam (NLD), London (UK), Durham (US) and Singapore. 

 

commercetools' leading-edge API approach helps retailers create brand value by empowering commerce teams to design unique and engaging digital commerce experiences everywhere – today and in the future.

 

commercetools' agile, componentized architecture improves profitability by significantly reducing development time and resources required to migrate to modern commerce technology and meet new customer demands. It is the perfect starting point for customized microservices.

 

commercetools provides some 300 APIs today around some nine “buckets” of services, and a wide network of integration partners. The company powers some $10 billion of sales annually for its customers, which include the likes of Audi, AT&T, Danone, Tiffany & Co., John Lewis and many others.

 

commercetools is backed by Accel, Insight Partners, Rewe Group, Wecken & Cie, and others. The company raised $140M in Series C round on Sep 13, 2021. This brings commercetools' total funding to $307.7M to date. The new round mints commercetools' a unicorn with a valuation of $1.9B post-money.

 

 

  • Year founded: 2006
  • Funding Info: $307.7M over 6 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $1.9B as of Sep 13, 2021
  • City/Town: Munich
  • State: Bavaria
  • Country: Germany
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