CommerceIQ, a retail eCommerce management platform, announced the closing of $115 million in Series D funding, leading the company’s total valuation to more than $1 billion.
The new funding was led by Softbank Vision Fund 2 and saw participation from existing institutional investors - Insight Partners, Trinity Ventures, Shasta Ventures, and Madrona Venture Group.
This investment will be used to expand CommerceIQ’s business globally, including India, and to accelerate the development of its unified Retail Ecommerce Management Platform, which connects and automates data and decisions across the entire eCommerce stack to power intelligent, profitable growth for leading global brands, according to the team at CommenceIQ.