Saleor bags $8 million in seed extension round led by Target Global, supported by Zalando
Saleor Commerce, a specialist in the composable commerce sector, has closed an $8 million seed extension round led by Target Global, investors behind Revolut and Auto1, and e-commerce giant Zalando.
Kevin Mahaffey's SNR fund, Cherry Ventures, backers of Moss and Spryker, and TQ Ventures, investors in Groove and Current, also participated in the funding round.
Founded in Poland in 2020 by Mirek Mencel and Patryk Zawadzki, Saleor is an open source, headless, composable e-commerce platform built for taming the complexity of multimarket commerce.
In 2021, the company closed a $2.5 million seed round to build its SaaS cloud offering, which led to adoption at brands including Lush and Breitling.
Saleor intends to utilise the newly secured funds to drive growth, expand its agency programme, and bolster its core product.
Zalando invested based on its traction with global brands. It is also keen to explore areas of joint work based on a shared vision for multimarket commerce that scales: a core set of commerce features easily extended with microservices.
Saleor CEO Mirek Mencel says: "We’re thrilled to welcome Target Global and Zalando to the Saleor team. With the new capital, we’ll further establish Saleor as the most composable, multimarket ready platform available while keeping the dev community at the heart of what we do.”
“We’ll help developers deliver business value for their companies more quickly and reliably than ever."
Lina Chong, Partner at Target Global, comments: “We're deeply committed to backing innovative ventures. Saleor's thriving open source community, robust SaaS offering, and forward thinking vision harmonise seamlessly with our thesis on global commerce businesses.”
Jan Bartels, SVP B2B at Zalando, says: "With ZEOS, we want to offer brands and retailers a holistic solution for their multi-channel sales. The brands’ own online stores play an important role in this.”
“Here we see a great fit with Saleor's vision, offering and expertise, which can also help us to further expand our capabilities, for example, in exposing our convenient delivery options to the Saleor checkout.”
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