In this day and age of digital living, most companies are shifting their services online. This year, due to the pandemic, accelerated this shift to digital. Berlin-based Spryker, which provides a full suite of e-commerce tools for businesses, witnessed notable growth. The company has raised a whopping €106.09M in its latest financing round.
Funding details and expansion plans
The latest funding of €106.09M for Spryker was led by TVC, which is a well-known investor that has previously backed notable companies such as Airbnb, Netflix, Facebook, Spotify, among others. Gopi Vaddi, general partner at TCV will be joining Spryker´s board of directors.