One Peak leads $22m funding round for Spryker

Existing investors, including Berlin-based Project A Ventures, also took part in the funding round.

Spryker will use the fresh capital to expand its international footprint and support product development initiatives.

Previous funding
Project A led a seed round for Spryker in November 2014, and joined up with Cherry Ventures and BPO Capital to provide another funding round of approximately €5m in June 2015.

Company
Founded in 2012, Spryker develops a modular enterprise software framework. The software has modules for various purposes including online shopping, customer relationship management, and payment management; it also integrates with internet-of-things devices. Its clients include Hilti, Tom Tailor and Lekkerland.

The company has offices in Berlin and Hamburg, and employs 100 staff.

People
One Peak Partners – David Klein (managing partner)
Project A Ventures – Thies Sander (partner).
Spryker Systems – Boris Lokschin (co-CEO).

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• Topics
• Expansion
• DACH
• Support services
• Technology
• Germany
• Venture