Shoplazza, a Toronto, Canada-based leading global e-commerce Software as a Service (SaaS) platform, announced the closing of its $150 million Series C1 financing.
The round was led by Softbank Vision Fund 2, with participation from new investors Chimera, Stepstone, and existing investors Sky 9, Sequoia China, Qianhai FoF, and Elegrace.
Funds raised will be dedicated to investment in the areas of R&D and talent acquisition. As Shoplazza continues to cultivate its developer and vendor ecosystem, it also aims to accelerate the growth of its merchant base in North America and Europe.
By establishing a strong presence in the global market, the Company is well-positioned to become a SaaS pioneer in decentralized DTC e-commerce.
Company: Shoplazza
Raised: $150.0M
Round: Series C1
Funding Month: January 2022
Lead Investors: Softbank Vision Fund 2
Additional Investors: Chimera, Stepstone, and existing investors Sky 9, Sequoia China, Qianhai FoF, and Elegrace
Company Website: https://www.shoplazza.com/
Software Category: e-commerce software platform
About the Company: Shoplazza shopping cart SaaS help businesses build, market, and manage their online stores by providing 360 solutions including product sourcing, marketing, ERP, payment, shipping support, and more, also scale brands through DTC brand management & consulting. Shoplazza has built an extensive tech platform for DTC e-commerce providing easy-to-use site-building tools and a systematic management platform for global merchants, thereby pushing the online-offline development of global trade. Through continuous investment in R&D, The Company has established its technological advantage with server nodes globally recognized for quick response, distributed computing, and high concurrency, serving as a benchmark for the industry worldwide. Meanwhile, Shoplazza has partnered with Meta (formerly Facebook), Google, PayPal, Klarna, Worldpay, Checkout.com, Cloudflare, Amazon Web Service, and other leading tech companies to provide one-stop solutions for merchants. Shoplazza emphasizes the developer-application ecosystem and has partnered with over 500 high-quality developers and service vendors in the areas of marketing, payment, logistics, warehousing, supply chain, ERP, and more. Shoplazza was awarded the Best Shopping Cart Partner of 2020 by PayPal and 2021 China Enterprise Technology 50 by Forbes.
Source: https://www.prnewswire.com/news-releases/shoplazza-completes-c1-financing-of-150-million-with-its-advanced-technology-and-global-popularity-301464129.html