Tictail, an e-Commerce solution provider for independent brands and global community that helps consumers discover independent businesses, has raised $22 million in Series B funding.
With financial contributions numerous investors, including Creandum, Thrive Capital, Balderton Capital and Acton Capital, Tictail will be positioned to enhance its mobile marketplace and expand internationally. The latest funding round brings the company’s total valuation to $32 million.
Through the Tictail Marketplace, consumers have access to 85,000 independent brands and two million unique products. Tictail will use the funding to further improve the Marketplace’s mobile-optimized shopping experience and its reach, which currently spans across 140 countries and 12 languages.
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“Needless to say, our product focus for both the brand and shopper is centered on mobile,” said Carl Waldekranz, Co-Founder and CEO of Tictail. “That’s the beauty of a three-year-old e-Commerce company: We’ve been able to think mobile-first from day one. On the consumer side, more than 55% of all orders come from mobile, a huge number when you consider that the e-Commerce industry average is at 10%.”
