Channable lands $62m Series B

Channable, a Dutch ecommerce company, has raised $62 million in Series B funding.

Channable, a Dutch ecommerce company, has raised $62 million in Series B funding. Partech led the round with participation from Peak Capital.

PRESS RELEASE

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Channable on its $62 million Series B financing. The round is led by Partech with participation from existing investor Peak Capital.

Founded in 2014 and headquartered in Utrecht, Channable enables e-commerce companies across the globe to effectively sell, advertise, market and manage their online sales by optimizing performance with actionable insights. Since its inception, the company has amassed over 6,000 customers globally, processing more than 55 billion items per day via 2,500 local and global channels across comparison websites, marketplaces, search engines and social networks.

Channable will use the capital to fuel its global expansion and accelerate the company’s R&D efforts.

This transaction underlines the position of Arma Partners’ Private Capital practice as a trusted advisor to fast-growing companies and their founders across Europe, covering mandates from Series B fundraises to Pre-IPO rounds. The transaction further reaffirms Arma Partners’ position as a leading advisor to SaaS category leaders, showcases our deep expertise in MarTech and highlights our excellent footprint in the Benelux region.