TCV leads $130m round for Spryker

Existing investors One Peak and Project A Ventures also took part in the round.

The latest round values the company at more than $500m, according to a statement.

Following the round, Spryker intends to expand its presence in the US, a market which currently accounts for 10% of its revenue. The statement added that the company also aims to expand its team and is continuing to develop new products for functions including Internet-of-Things commerce, subscription, and click and collect.

Previous funding
Project A led a seed round for Spryker in November 2014.

In June 2015, Project A, Cherry Ventures and BPO Capital backed a €5m funding round for Spryker.

One Peak Partners has led a $22m funding round for Spryker in February 2018, joined by existing investors including Project A.

Company
Founded in 2014 and headquartered in Berlin, Spryker is a software platform that enables companies to build e-commerce business models in B2B, B2C and enterprise marketplaces. The software also includes functions for customer relationship management and payment management. Spryker has more than 150 customers, including Siemens, Toyota and Aldi. It employs 250 staff, compared with 100 employees at the time of its previous funding round in 2018.

People
Spryker – Boris Lokschin (co-founder, CEO).
TCV – Gopi Vaddi (general partner); Rob Burke (partner).
One Peak – David Klein (co-founder, managing partner).
Project A Ventures – Florian Heinemann (general partner).
SVB – Oscar Jazdowski (co-general partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany
• Project A Ventures