Entries by Austin Fontanella

This Tech Startup Just Raised $555 Million To Help Retailers Compete With Amazon

An employee at a Kroger grocery distribution center. Mirakl has helped Kroger and other retailers create their own online marketplaces, hoping increased selection will draw shoppers.  © 2020 BLOOMBERG FINANCE LP Mirakl, a French startup that builds online shopping services, is raising $555 million in a Series E round that includes Silver Lake, Bain and Felix Capital, […]

Mirakl Rakes in $555M in New Funding as Online Marketplaces Boom

  Enterprise marketplace SaaS platform Mirakl, which powers the third-party marketplaces of some of the world’s top retailers, including The Kroger Co., Urban Outfitters and Carrefour, has raised $555 million in a Series E funding. With this new cash infusion the company’s valuation has more than doubled since its $300 million Series D funding round in September 2020, to $3.5 billion. The rate at which Mirakl is […]

Marketplace platform Mirakl raises $555 million at $3.5 billion valuation

Image Credit: Adrian Sulyok/ Unsplash French startup Mirakl has closed a new Series E funding round of $555 million. Following this round, the company is now valued at $3.5 billion. Mirakl helps you launch a marketplace on your online store for your end customers or for your B2B clients. It’s a software-as-a-service marketplace, meaning that Mirakl manages […]

Parisian unicorn Mirakl to quadruple U.S. team with $555M

Adrien Nussenbaum (pictured) is the co-founder and co-CEO of Mirakl. He started the company with Philippe Corrot, who’s based in France. Mirakl, a Parisian marketplace platform with dual headquarters in France and Somerville, plans to more than quadruple its U.S. team after raising another late-stage round of finance. Mirakl raised $555 million in a Series […]

Growth Of Online Luxury Marketplaces Continues In 2021

Online marketplaces are still on the rise with shoppers continuing to look for safer, more convenient ways to shop as the pandemic continues. In fact, data shows that digital, third-party marketplaces are seeing an 81% increase in gross merchandise value year-over-year thus far in 2021. Why the shift toward online marketplaces? With in-person shopping off the […]

Finding your place in the new B2B marketplace battle zone

While marketplaces may offer an opportunity to gain market share, B2B sellers should review their readiness for the marketplace model. Magnus Meier of SAP and Angela Troccoli of Mirakl write about six vantage points for analyzing that readiness. It was the American politician and women’s rights advocate Jeannette Rankin who said, “You can no more win […]

5 Misconceptions Distributors Have About E-Commerce Platforms

E-commerce costs too much, won’t make a difference to a distributor’s bottom line, and isn’t worth much more than brand promotion. Right? Not so fast, say SAP’s David Koenig and Mirakl’s Angela Troccoli. Is there a timeframe for e-commerce implementation? Can distributors get more out of their online presence beyond brand recognition? During a recent MDM […]

Largest marketplace sellers account for 88% of GMV

Large marketplace sellers play an essential part on online platforms. They contributed 88 percent of marketplaces’ Gross Merchandise Value during the first quarter of this year. But small and medium-sized sellers are on the rise: they doubled their contribution in that same period and even tripled in the past year. Small to medium-sized sellers will […]