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Orckestra Secures $12 Million In Series B Funding

1orckestraOrckestra, a provider of cloud-based e-Commerce solutions, has raised $12 million in Series B funding from a group of its existing investors, including Fonds de solidarité FTQ, Fondaction CSN and W Investments. The funding comes a year after the investors backed the company with an initial round of $8 million.

The investment will be used to expand the solution provider’s sales capabilities in North America and increase its presence in Europe. In addition, the funds will be used to maximize the integration of the recently acquired Composite AS content management system into its Commerce Cloud and Experiment Management for Commerce solutions.

“Our investors are committed to the long-term growth and global scale of Orckestra,” said Louis Fournier, CEO and Co-Founder of Orckestra. “Organizations need a more agile digital commerce layer in their business that helps them innovate with new shopping experiences at the speed of consumer demand. We continue to see growing interest and traction from customers internationally, and are thrilled to continue the expansion of our business with this new round of financing.”

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