The composable-commerce firm said the growth funding was led by returning backer Sageview Capital and some of its existing investors participated. (The Logic)
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The composable-commerce firm said the growth funding was led by returning backer Sageview Capital and some of its existing investors participated. (The Logic)
Talking point: Elastic Path says the funding will allow it “to accelerate its leadership” in composable commerce, a movement it says it spearheaded in 2020. It allows clients to select, assemble and execute solutions they need for their e-commerce strategy. The company said it has raised $90 million this year, including a $60-million round announced in February that was also led by Sageview. Elastic Path, which also has offices in Boston, Newcastle, Reading and Toronto, said it has seen more than 200 per cent year-over-year growth in subscription bookings and has released 221 new products.
Correction: An earlier version of this briefing misspelled “composable commerce” due to a typo. The Logic regrets the error.
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