Ankorstore Raises $283 Million at $2 Billion Valuation

Ankorstore is a B2B online marketplace that provides a connection between specialist brands, independent shop owners with neighborhood retailers. Both parties receive benefits as retailers get the opportunity to select among a big number of brands while brands can easily sell their goods to stores around Europe.

The Series C funding round was led by Bond and Tiger Global. Among other participants were such investors as Eurazeo, Coatue, and already participated investors – Index Ventures, Bain Capital Ventures, GFC, Alven, and Aglae Ventures.

Ankorstore, France, was founded by Mathieu Alengrin, Nicolas Cohen, Nicolas d’Audiffret, Pierre Louis Lacoste in 2019. Now, the company has offices in 5 countries – France, Sweden, Germany, Netherlands, and the UK. They sell goods in 23 European countries. The service has more than 200 000 user retailers that are sourced with more than 15 000 brands. In May 2021 there were only 5000 brands. “We think we’re closer to LinkedIn in the way we operate — it’s a network of professionals and we help them connect with each other.“, Nicolas Cohen, co-founder, and co-CEO.

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