Saleor Secures $8 Million in Seed Extension
Saleor, a Poland- and U.S.-based startup that develops an open-source headless e-commerce platform, has secured an $8 million seed-extension round.
The round was led by Target Global, with participation from Zalando, SNR VC Kevin Mahaffey, Cherry Ventures, and TQ Ventures.
Founded in 2012, Target Global is a venture capital investment firm based in London, United Kingdom. The firm seeks to invest in companies operating in financial technology, health technology, consumer-enabled SaaS, mobility, and advertising technology sectors based in Europe and Israel.
The company plans to utilize the funding to further develop its open-source e-commerce platform and expand its market reach. The company aims to enhance its SaaS offering and strengthen its position in the competitive e-commerce tools market.
Founded in 2020 by Mirek Mencel and Patryk Zawadzki, Saleor offers an open-source, headless, composable e-commerce platform, relieving developers of back-end responsibilities while enabling them to create customized front ends. Saleor's platform is utilized by prominent brands such as Lush and Breitling.
Funding Details
Company: Saleor Commerce sp. z o.o
Raised: $8.0M
Round: Seed Round Extension
Funding Month: February 2024
Lead Investors: Target Global
Additional Investors: Zalando, SNR VC Kevin Mahaffey, Cherry Ventures, and TQ Ventures
Company Website: https://saleor.io/
Software Category: Ecommerce