Ankorstore exceeds €1,700 million in turnover and becomes a unicorn

ankorstore, a European B2B marketplace, has achieved a rating of €1.75 billion, thus becoming a unicorn company. The company carried out a Series C funding round, with which he obtained a total of 250 million euros.

The financing round had the participation of Eurazeo Y Coatue, and, led by Bond Y TigerGlobal. As for investors, there was Index Ventures, Bain Capital Ventures, GFC, Alven and Aglae.

“Our mission is to create a global wholesale business to tip the balance in favor of independent retailers,” it states Nicolás Cohen, co-CEO and Co-founder of Ankorstore

Ankorstore Goals

The company has in mind “reinvent the wholesale market for brands and retailers to match their conditions to those of the larger players”, as stated in a statement.

Having independent brands sell their products to independent retailers, and independent retailers in turn selling their products to customers, causes a increase in B2B and B2C business.

“We want to make it easy and simple for brands and independent retailers to do business together, becoming part of their daily lives and changing the outdated habits of operating today’s retail for the better,” it states Cohen in the same.

Another goal they have in mind is spread out geographically to other corners of the world and improve activity in the main markets where they already operate, which are a total of 23 countries. It should be noted that its establishments are located in various places such as Paris, London, Berlin, Amsterdam and Stockholm. For this year, the next offices will be opened in Spain and Italy.

Add new product categories and features It is another of the purposes they want to fulfill. They have already added new categories such as “sport and wellness” and “pets”. “We will continue to invest in significant product and technology developments to improve the customer experience for our community,” it states Cohen.

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More about Ankorstore

Ankorstore was born in 2019 with the aim to give independent retailers a voice by uniting them with brands. In just two years since its foundation, it has managed to raise a total of 1,750 million euros, positioning itself as a unicorn company.

In this short period of time, the company has been noticing improvements, as is the case of the turnover, which has increased considerably, exactly about 950% between 2020 and 2021. This is because more than 1,000 brands were registered on the platform in 2021, while currently, the company has a total of 15,000 marks They sell over 1 million unique products.

“Ankorstore is creating an ecosystem for brands, retailers and consumers where everyone thrives. Together, we are building the future of independent retail.” it states Pierre-Louis Lacoste, Co-Founder and CBO of Ankorstore.

In just two years the company has achieved:

  • 365 million euros raised
  • More than 400 employees
  • Operate in 23 countries
  • 200,000 retailers
  • 15,000 marks
  • 2.5 million connections between brands and retailers
  • 1 million products listed on the platform

How does Ankor Store work?

Offers free delivery throughout Europe for all orders over €300, while the order has to reach a minimum price of €100. Retailers have a 60-day payment term to pay brands. In addition, the money is paid directly at the time of delivery. They also offer a brand location filter and production sites that allows retailers to offer a selection of products adapted to their customers, and, finally, a selection of authentic brands in 5 sectors key retailers: home, food, fashion, beauty and children.

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