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Mirakl raised $555M in Series E funding from Silver Lake to accelerate the growth of leading enterprises and online marketplaces. The company said it targets hiring 350 engineers, growing its team to 500 by 2023, expanding its geographic reach, with a dual focus on growing its Paris and Boston headquarters.
Mirakl, an enterprise marketplace SaaS provider for brands and retailers, raised $555 million in a Series E funding round led by Silver Lake at a valuation exceeding $3.5 billion to accelerate the growth of leading enterprises and online marketplaces, a press release from Mirakl said.
Mirakl stated that its valuation this round has more than doubled since its Series D in September last year, where it netted $300 million. With the close of this round, Mirakl has raised over $948 million to date. Its long-term investors – 83North, Elaia Partners, Felix Capital and Permira – participated in the funding alongside Silver Lake.
Adrien Nussenbaum, co-CEO and co-founder of Mirakl, stated that the world had shifted irreversibly towards e-commerce, with the enterprise marketplace emerging as the only solution to enable businesses to survive a competitive global sales environment.
Mirakl has clearly proven that it offers the most advanced, flexible and scalable platform for businesses to win against competitors and profit from the growth afforded by the marketplace economy. This investment will enable us to pursue new growth opportunities as we work to bring our enterprise marketplace vision to new customers, regions, and industriesAdrien Nussenbaum, co-CEO and co-founder of Mirakl
Mirakl stated that the proceeds from the funding would be used to accelerate its growth and the continued adoption of its flagship enterprise marketplace platform that powers billions in gross merchandise value (GMV). Additionally, the company said it targets hiring 350 engineers, growing its team to 500 by 2023, expanding its geographic reach, with a dual focus on growing its Paris and Boston headquarters and evaluating its business development opportunities.
Christian Lucas, managing director and co-head of Silver Lake EMEA, stated that for over two decades, Silver Lake had successfully identified disruptive technologies and technology-enabled companies across the globe. Expressing delight at partnering with Mirakl, he added,
This is an extraordinary time for eCommerce, and we see Mirakl as a generational company with a uniquely compelling opportunity to capitalize on that momentum. Investing in founder-led, quality high-growth, impactful and pioneering software-led business models is at the very core of what we do, and we feel privileged and look forward to working with Philippe, Adrien, and the entire Mirakl team to extend the company’s global market-leading position at this pivotal moment in time.Christian Lucas, managing director and co-head of Silver Lake EMEA