French B2B marketplace Ankorstore, which has grown enormously over the past two years, is raising 250 million euros in fresh capital. The money should make further expansion possible.
Rapid growth
Ankorstore claims to be the fastest growing B2B marketplace in Europe. In the two years since its establishment, 200,000 retailers and 15,000 brands have already joined the platform. The company is now active in 23 countries and offers over 1 million products.
In a new capital round led by Bond and Tiger Global, Ankorstore is now raising 250 million euros. “We want to make it easier for independent brands and retailers to work together and improve a lot of outdated aspects of the retail world for them,” said Nicolas Cohen, co-CEO and co-founder. “Thanks to the investment, we can do this better, faster and in more countries.”
“Next-generation retail”
The platform aims to expand both horizontally and vertically, adding new product categories and improving platform technology. Recently, the offering was expanded by the categories ‘sports & wellness’ and ‘pets’. Furthermore, the company is planning to open additional offices in Italy and Spain.
“This is next-generation retail,” says Mood Rowghani of Bond, who will also be a member of the board of directors of Ankorstore. “Through a rapidly growing and cross-border network, this company provides a great infrastructure for thousands of brands and independent shops. And the bold vision of the leadership team is inspiring: to transform retail and unlock new opportunities across the value chain.”
