Akeneo grabs $13 million to accelerate their international operations and to continue on the path to disrupt the PIM market

Partech Ventures and Alven Capital have led a $13m series-B round for French-American startup Akeneo, a provider of open-source product information management software.

Partech Ventures and Alven Capital have led a $13m Series B round for French-American startup Akeneo, a provider of open-source product information management software.

Akeneo, founded in France in 2013 and backed by Alven in 2014, has created a collaborative open source platform to optimise product information management. PIM (product information management) has been likened to customer-relation management (CRM) for products: it brings together detailed, high-quality data about products across sales channels, helping manufacturers and e-commerce companies better manage and market products, improve conversion rates, enhance SEO, and improve productivity. The Akeneo PIM solution also makes it possible to scale and customise e-commerce initiatives far more rapidly.

Akeneo plans to use the new funding to double its team, from R&D to sales, and to accelerate its international development. With 60% of its turnover coming from abroad, Akeneo already opened offices in Boston and Düsseldorf in 2016 and is talking of an imminent opening in London. The United Kingdom is a priority market for the software company, especially for being a world leader in e-commerce with one of the largest and fastest growing online economies.


Share

Planity announces €10m Series B to cement leadership on beauty salon bookings

The French leader in beauty salon bookings, with Alven since its Seed round, will look to consolidate its leadership and continue develop its services

Read

MadKudu Raises $5.5m Series A & Launches New Intelligence Offering

Another Alven-backed team of ambitious French founders successfully grow from early stage to continued success in the US and globally

Read

The Debrief: Covid-19 and layoffs (webinar)

An Alven <> Actance exclusive webinar – Summary of June 25th session

Read
Aliquam amet, Praesent eleifend justo porta. Lorem mi, ipsum id, dolor. leo