Algorithmic platform CommerceIQ on Tuesday announced the closing of a $60 million Series C funding round. This round was led by Insight Partners, the venture capital and private equity firm behind market-changing brands like Shopify, Twitter, Hello Fresh, and Wix, among others. Existing investors, including Trinity Ventures, Shasta Ventures, and Madrona Ventures, also participated in the round.
The round will fund international expansion and product research and development focused on further maximising brand revenue and profitability on Amazon, Walmart, Instacart, Target and other online marketplaces.
