E-commerce specialist Channable collects 55 million euros
“We want to establish Channable as essential for any e-commerce business,” said Rob Van Nuenen, co-founder and CEO of Channable. “With e-commerce on the rise, without the right tools, it can get complicated. This latest round of funding will help us make e-commerce easier by serving more customers worldwide while building on our innovative turnkey technology and world-class support.”
Founded in 2014, the company is a product data specialist and supports online retailers and brands in presenting their products on price comparison sites or online marketplaces and in implementing advertisements and affiliate measures. The new round of financing is intended to accelerate international expansion, especially at the newly opened locations in Berlin and New York, and to advance the company’s R&D activities. The new money comes from tech investor Partech and existing investor Peak.
“E-commerce companies are struggling with increasing product and data volumes. Channable continues to develop the necessary solutions that enable these companies to scale their business, make processes easier to manage and grow,” says Stefan Bary, Managing Partner at Peak. “We look forward to continuing to drive the company’s growth with its technology as its vision positively impacts the work of digital marketers, brands and online retailers.”