- Los Angeles-based digital commerce solution company Scalefast announced that it has raised $22 million in a Series B round of funding
Los Angeles-based digital commerce solution company Scalefast — a company that is changing the way brands do direct-to-consumer (DTC) eCommerce — announced that it has raised a $22 million Series B round of funding. Xplorer Capital, Stereo Capital, FJLabs, as well as current investors Benhamou Global Ventures, Crédit Mutuel Equity, and Adara Ventures, participated in the round.
This round of funding further validates Scalefast’s modern approach to helping brands expand and scale their direct-to-consumer sales. And as a leader in global eCommerce, Scalefast has successfully provided greater control to brands that need to deliver seamless and unified operations to consumers in an otherwise slow and fragmented enterprise eCommerce market.
Scalefast — whose portfolio of customers includes industry leaders such as L’Oréal, FLIR and Square Enix — also announced that it saw 200% growth year-over-year.
“Our vision has always been that brands should deliver a perfect eCommerce experience directly to the consumer, not intermediaries. As brands have had to adapt quickly to a new reality over the past few months, the need for rapid digital transformation that allows retailers and brands much needed flexibility to scale has never been more critical. With this latest fundraise, we are able to uniquely position Scalefast to provide the necessary tools for a flawless direct-to-consumer experience unhindered by third-parties.
-Nicolas Stehlé, CEO of Scalefast
“In reality, most brands are massively under-performing in a direct-to-consumer capacity. Building, operating and scaling their own channel simply can’t be solved by the software that is currently out there. Scalefast has built a unique business-as-a-service approach which, combined with its robust and flexible SaaS-based technology, allows brands to quickly scale a fully-functional DTC channel and expand abroad without risk. Our goal is to support them through their next phase of growth as they continue to build upon their one-of-a-kind model.”
-Fabrice Grinda, Founding Partner of FJLabs
“Scalefast is executing on their ultimate vision of bringing speed, flexibility and agility to enterprise eCommerce. By delivering the only comprehensive and flexible solution for brands looking to sell directly and scale globally in just a matter of weeks, Scalefast is leading the charge of challenging the status quo in DTC eCommerce and we couldn’t be more excited to be a part of it.”
-Keith Nilsson, Managing Partner of Xplorer Capital — who will be joining Scalefast’s board effective immediately.