Ankorstore, a Paris-based digital B2B marketplace linking individual shop owners and trending brands with local retailers, has raised US$ 283.5M in a Series C funding round led by Tiger Global Management and Bond on 10 January 2022.

Investors: The latest investment round featured Bond and Tiger Global Management as the lead investor with participation from Index Ventures, Global Founders Capital, Eurazeo, Coatue, Bain Capital Ventures, Alven and Aglae Ventures.

Purpose of the funding: The startup seeks to deploy the proceeds from the new funding round to drive geographical expansion in Italy and Spain and broaden its product offerings by adding pets, sports and wellbeing to its existing five crucial retail categories.

About Ankorstore

Ankorstore Logo

Brought to existence in 2019 by Mathieu Alengrin, Nicolas Cohen, Nicolas d’Audiffret, Pierre Louis Lacoste, Ankorstore enables popular brands to drive sales through local retailers and businesses selling their products, which are unavailable on known e-commerce platforms or giant retail chains. It permits retailers to explore, choose and purchase from multiple brands in a single order in a few clicks while allowing brands to gain from direct returns and contact with retailers. The firm also offers an option of paying after 60 days of ordering without any additional fee to retailers. It has captivated 15K brands and 200K retailers across Europe. The sales volume grew by 950% between the last two years. The company’s operations are spread in 23 nations, running offices in Paris, Stockholm, London, Amsterdam and Berlin and employing about 400 personnel.

What the Founder has to say: “We envisage developing a wholesale business spread worldwide to support independent shops. We intend to eliminate the growth barriers for individual retailers and brands by facilitating them to collaborate and profit together. We wish to become an important part of their daily life and change the conventional retailing system existing today.”- Nicolas Cohen, Co-Chief Executive and Co-Founder of Ankorstore.

What the Investor has to say: “Ankorstore is structuring the new age retail operating system. With the help of its fast-growing cross-border wholesale network, the company delivers top-notch infrastructure for numerous individual stores and brands spread across different geographies. The potential of Ankorstore’s leadership team and its inspiring vision to revolutionise the commerce industry and unlock new growth prospects for the retail industry has allured us to support them.”- Mood Rowghani, General Partner at Bond.

For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.

We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Article

Previous articleUS-based waste recycling firm RoadRunner Recycling raises US$ 70M in Series D
Next articleFrench fintech startup Qonto raises Euro 486 million in Series D
Sankalp majorly focuses on writing newsletters on VCBay. He is pursuing Bachelors in Economics from the University of Delhi and exhibits proficiency in content writing and research.


Please enter your comment!
Please enter your name here