Mirakl announces €100 million revolving credit facility as it eyes growth and acquisitions

E-commerce technology firm Mirakl has announced the signing of a €100 million revolving credit facility (RCF).

Granted by BNP Paribas, HSBC, J.P. Morgan, Natixis and Société Générale, this builds on Series D and E funding rounds.

The cash will be used to finance Mirakl's growth, in particular by investing in its technology and completing acquisitions.

Following the Series E round of $555 million in 2021, the company was valued at over $3.5 billion.

Previous acquisitions include Target2Sell.

Mirakl Chief Product Officer Isabelle Bénard recently spoke at @LaProductConf to share how Mirakl expanded beyond its flagship product and ventured into fintech and adtech, launching 5 new products in just 18 months. Don't miss the recording! https://t.co/BmdBpFtbwB

— Mirakl (@Mirakl) July 7, 2023

Adrien Nussenbaum, Co-founder and Co-CEO at Mirakl, says: "This latest debt financing is an additional milestone demonstrating our financial strength and greater financial maturity.”

“Through the RCF, we will be able to carry out M&A transactions that will further strengthen Mirakl's technological progress and the success of our customers' marketplaces.”

Eric Heurtaux, Group CFO at Mirakl, says: “We are proud to announce the signing of this RCF, which reflects the confidence of our banking partners in supporting our long-term growth strategy.”

“This facility, with its flexible terms and competitive conditions, provides us with additional financial resources to meet our strong ambitions for growth and development."