eStoreMedia completes USD30m fundraise
eStoreMedia, a digital shelf software for Fortune 500 brands has raised USD30 million in its first fundraise through investment by Kennet Partners and Digital+ Partners.
The firm, which already counts many of the Fortune 500 brands as its clients, will use the investment to accelerate eStoreMedia’s digital shelf automation suite for brands, as well as for expansion into new markets.
This is the first external investment in the company and both investors have significant experience in building SaaS and B2B focused businesses as they look to accelerate their growth. Kennet Partners is a leading European technology growth equity investor focused on bootstrapped and capital efficient companies, and it has invested alongside Digital+ Partners, a leading growth equity investor focused on B2B technology companies.
In addition to the USD30 million invested in the company, eStoreMedia plans to bolster its Board of Directors with leading industry experts to support and drive the company’s international growth strategy as it looks to expand into the US market and accelerate in existing markets such as the UK, Mexico, Poland, and the DACH region.
eStoreMedia uses the knowledge of branding experts combined with tech engineers to develop solutions which change the way brands, and their e-commerce retail partners, work together. It creates seamless platforms, such as its unrivalled eStoreCheck monitoring platform, for integrated analytics, e-content automation, and shopper research for ultimately better brand positioning and consequently sales. It has a global footprint with over 1000 e-retailers and hundreds of global brands.
Bartosz Kielbinski, founder and CEO, eStoreMedia, says: “We are extremely excited about the opportunities our new investment will bring. We plan to accelerate our vision of creating the most complete Digital Shelf Automation platform for brands, revolutionising how they manage their e-commerce retail partners. We recognise the value of our people and the expertise we have from a branding perspective which makes us unique when it comes to developing technology which makes a difference. This new investment is exciting for our global teams as we can make even more great ideas come to life.”
Hillel Zidel, Managing Director, Kennet Partners, says: “eStoreMedia is a great example of the type of bootstrapped B2B SaaS company that we love to invest in. We see huge potential in the business: they are revolutionising how brands manage e-commerce and have ambitious plans for tech development which will retain their industry leading offering. We look forward to working with the team as they embark on the next stage of growth.”
Dirk Schmuecking, Partner at Digital+ Partners, says: “We have been thoroughly impressed by eStoreMedia’s accomplishments to date and look forward to supporting the team’s growth strategy to become the category leader for digital shelf analytics. With the new financing, eStoreMedia is well-positioned to accelerate product roadmap opportunities, attract further top talent and scale up the go-to-market organisation globally.”
eStoreMedia was advised by Michal Frys and CP Legal. The investor consortium was advised by Goodwin as legal advisor, Smith & Williamson and Code & co as financial and technical advisors respectively.