Mirakl hits $3.5bn valuation after mega Series E funding round
Mirakl, a French online marketplaces startup, has announced a $555 million Series E funding round, led by Silver Lake.
The values the nine-year-old venture at roughly $3.5 billion, up from its $1.5 billion valuation in a fundraise in September 2020.
Mirakl sells software to the likes of Carrefour and Best Buy, enabling them to operate online marketplaces that connect customers to merchants.
In an online post, Philippe Corrot and Adrien Nussenbau, Mirakl Co-founders and CEOs, said: “Never before seen circumstances sent consumers and business buyers rushing to online channels, and something extraordinary happened.”
“E-commerce penetration experienced 10 years of growth during the first three months of 2020 alone. Acceleration doesn’t even begin to cover it.”
They added: “But the benefits of this exponential growth didn’t accrue equally. A disproportionate share went to those operating online marketplaces…We now know that this momentum is truly unstoppable.”
“So now, Mirakl faces an entirely new scale of opportunity. The stakes are higher than ever, and make no mistake: we’re all in.”
“Today, we’re taking this next step in the Mirakl adventure because we’re more confident than ever that Mirakl has what it takes to become a sustainable, long-lasting, generational business and a true global leader in this new context.”
They concluded: “The opportunity to build something big comes around rarely in life.”
“As Mirakl’s founders, we are rededicating ourselves to this journey today, knowing that time is the most precious resource that we have, because we’ve only just scratched the surface of the impact we can have on businesses, people, and communities.”
“There’s no going back to the traditional way of doing business.”
