Elastic Path Closes $33 Million In Series B Funding

Elastic Path, an enterprise headless commerce solutions provider, has completed a $33million Series B financing round. The capital was led by private investment company Sageview Capital, with participation from current investors Yaletown Partners and BDC Venture Capital. This additional capital brings Elastic Path’s total funding to $54.4 million.

With the funding, Elastic Path will be hiring new sales and marketing personnel as it plans to open a new office in Toronto.

“The decision to purchase a digital commerce system is one of the most difficult a company can make, since the future of the entire business hangs on its success,” said Harry Chemko, CEO of Elastic Path, in a statement. “We want to minimize the risk for large corporations contemplating their inevitable digital transformation. We’ll be using this funding to significantly ramp-up research and development efforts to address the B2B market and continue innovating on our industry-leading architecture.”


The company has experienced a 120% increase in subscription revenues and has doubling the number of partners in its ecosystem, adding systems integrators IBM iX, TC, Cognizant and Sirius to its network.


Featured Event

Join 5,000+ attendees for an immersive experience where you can get inspired by retail’s most innovative minds and see their big ideas in action. Use code RICE25P04 to save up to $500 on your pass!

Free Expo Pass for Retailers and Brands!
Save up to $500 on your All-Access Pass and choose from 100+ sessions with an exclusive Retail TouchPoints discount!



Access The Media Kit


Access Our Editorial Calendar

If you are downloading this on behalf of a client, please provide the company name and website information below: