Elastic Path raises $43 mln in Sageview-led Series B financing
Vancouver-based enterprise commerce company Elastic Path has secured $43 million in a Series B financing, increasing its total funding to more than $63 million. The round was led by U.S. growth equity firm Sageview Capital and joined by existing Canadian investors Yaletown Partners and BDC Capital's IT Venture Fund. Founded in 2000, Elastic Path provides API-oriented commerce solutions for enterprises. It has so far helped brands generate more than $60 billion in over 170 countries. CEO Harry Chemko said the funds raised will be used for R&D addressing the B2B market and other innovations. Elastic Path is also hiring sales personnel and opening a Toronto office to recruit developers.
19 June 2018•4 mins read
