Channable have secured over $62M in Series B funding to fuel global expansion and their newly opened North American headquarters in New York. The cash will help accelerate their R&D efforts, all while building on the company’s global sales and marketing momentum.
The funding was led by Partech with existing investor Peak.
Founded in 2014 by Rob van Nuenen, Stefan Hospes, and Robert Kreuzer, Channable enables ecommerce companies across the globe to effectively sell, advertise, market, and manage their online sales. Since its inception, the company has amassed over 6,000 customers globally, processing more than 55 billion items per day (representing a 91% increase year over year) via 2,500 local and global channels across comparison websites, marketplaces, search engines, and social networks.
You can find out more about Channable and their ecommerce and multichannel philosophy by downloading their ebook from Tamebay – “Busting 5 myths of feed management“
We are excited to partner with Rob, Robert, Stefan, and the team at Channable. The shift to multichannel commerce and the convergence of marketing channels and commerce channels creates complexity for merchants. Channable’s powerful, yet easy-to-use solutions allow brands and retailers to efficiently increase their audience and grow revenues. We are proud to be partnering with this team as they grow and expand into new markets – especially in Europe and North America!
– Bruno Crémel, General Partner, Partech
Supporting its expansion efforts, Channable tapped industry veteran Michael O’Neal who oversees the U.S. office in New York. As VP of Business Development, Michael will lead U.S. sales efforts to bolster Channable’s revenues in 2022.
Ecommerce companies are dealing with increasing product and data volumes. Channable continues to develop the necessary solutions enabling these companies to scale and easily handle and grow their business. With its best-in-class technology, we’re excited to further fuel the company’s growth, as its vision has demonstrated a positive impact on today’s digital marketers, brands, and online retailers.
– Stefan Bary, Managing Partner, Peak
As ecommerce continues to grow exponentially, digital marketers, brands, and online retailers are increasingly challenged with the immense amount of products to list, advertise and market on a daily basis. Channable’s unique solutions include product feed management, PPC ad campaign automation, order, and stock synchronization, and re-pricing products in real-time —making the impossible possible.
We want to establish Channable as essential for any e-commerce company. Considering the increased demand in e-commerce it can get complicated without the right toolset. This latest round of funding will help us make e-commerce easier by serving more clients globally, while building on our innovative, ready-to-use technology, and best-in-class support. We are proud to have partners like Partech and Peak as they bring their extensive knowledge to the table taking companies like Channable to the next level.
– Rob van Nuenen, Co-Founder and CEO, Channable
