Akeneo, a global leader in product experience management (PXM) and product information management (PIM), today announced a $135M Series D led by global growth equity investor Summit Partners, with participation from existing investors Alven and Partech. This round brings Akeneo’s total investment raised to $196 million. The new capital will be used to drive continued momentum through an accelerated product development roadmap, key executive hires, and expansion of Akeneo’s strategic partnerships.
“The customer journey changed in the blink of an eye, and we believe the most nimble and effective way to manage these ever-evolving dynamics is to invest in creating product experiences that resonate no matter where the customer is browsing or buying,” – Fred de Gombert, CEO and co-founder of Akeneo.
“The customer journey changed in the blink of an eye, and we believe the most nimble and effective way to manage these ever-evolving dynamics is to invest in creating product experiences that resonate no matter where the customer is browsing or buying,” said Fred de Gombert, CEO and co-founder of Akeneo. “Brands and retailers are becoming as invested in building and managing their product information as they are in managing customer information, and we see this trend playing out in our platform adoption rates, new customer additions, and revenue growth. We are extremely grateful to our investors and partners; this momentum would not be possible without their continued support.”
Akeneo, founded in 2012, has gained strong momentum since its Series C in September 2019, and today serves more than 600 customers across 40 countries. Akeneo’s open-source platform has been downloaded more than 80,000 times, with installations growing at a CAGR of more than 170% over the past seven years. Additionally, Akeneo’s partner ecosystem expanded by 30% in 2021, and the company’s employee headcount grew 40% to more than 300 employees in nine countries within the same period.
Akeneo joined our portfolio in 2014 when we led its seed round.