Silver Lake et al. in USD 555m round for Mirakl

Long-term backers 83North, Elaia Partners, Felix Capital and Permira also took part in the round.

The fresh funding increased the company's valuation to more than USD 3.5bn, according to a statement. Mirakl's valuation has more than doubled since its USD 300m Series D a year ago; the September 2020 Series D valued the business at more than USD 1.5bn. Led by Permira through its Growth Opportunities Fund I, it included existing investors 83North, Bain Capital Ventures, Elaia Partners and Felix Capital.

In February 2019, Mirakl raised USD 70m from a consortium of investors led by Bain Capital Ventures.

The company has now raised around USD 955m since inception in 2019.

Mirakl said the latest funding would enable it to continue investing in its technology and partner ecosystem, and to grow its teams to help meet the accelerating adoption of the marketplace model.

Specifically, the company said it would look to hire 350 engineers, growing the Mirakl Labs team to 500 by 2023 to expand AI, automation, and features that enable complementary new business models. It will also aim to expand its geographic reach, with a dual focus on growing its Paris and Boston headquarters, and increasing its footprint across major markets in EMEA, the Americas and Asia Pacific.

Mirakl said it will also look at business development avenues, including acquisition opportunities.

Company
Founded in 2012, Mirakl provides a marketplace software-as-a-service that enables B2B and B2C organisations to launch and grow an enterprise marketplace at scale. The company is based in Paris.

People
Mirakl – Adrien Nussenbaum (co-CEO, co-founder).

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• Topics
• Expansion
• France
• Technology
• Venture
• Silver Lake - London
• Felix Capital
• Permira