Utrecht, The Netherlands – February 1, 2022 – Channable, a leading global, e-commerce feed management and PPC automation solution provider for digital marketers, brands and online retailers, announces that it has received over €55M in Series B funding led by Partech with existing investor Peak. This latest round of capital fuels global expansion, accelerates the company’s R&D efforts, all while building on the company’s global sales and marketing momentum.
Founded in 2014 by Rob van Nuenen, Stefan Hospes and Robert Kreuzer, Channable enables e-commerce companies across the globe to effectively sell, advertise, market and manage their online sales. Since its inception, the company has amassed over 6,000 customers globally, processing more than 55 billion items per day (representing a 91 percent increase year over year) via 2,500 local and global channels across comparison websites, marketplaces, search engines, and social networks. The company has also increased its staff by 60 percent globally.
“We are excited to partner with Rob, Robert, Stefan and the team at Channable,” says Bruno Crémel, General Partner at Partech. “The shift to multichannel commerce and the convergence of marketing channels and commerce channels creates complexity for merchants. Channable’s powerful, yet easy-to-use solutions allow brands and retailers to efficiently increase their audience and grow revenues. We are proud to be partnering with this team as they grow and expand into new markets – especially in Europe and North America!”
"E-commerce companies are dealing with increasing product and data volumes. Channable continues to develop the necessary solutions enabling these companies to scale and easily handle and grow their business,” says Stefan Bary, Managing Partner at Peak. "With its best-in-class technology, we're excited to further fuel the company’s growth, as its vision has demonstrated a positive impact on today’s digital marketers, brands and online retailers."
As e-commerce continues to grow exponentially, digital marketers, brands and online retailers are increasingly challenged with the immense amount of products to list, advertise and market on a daily basis. Channable’s unique solutions include product feed management, PPC ad campaign automation, order and stock synchronization and re-pricing products in real-time —making the impossible possible.
"We want to establish Channable as essential for any e-commerce company," says Rob Van Nuenen, Co-Founder and CEO of Channable. "Considering the increased demand in e-commerce it can get complicated without the right tools. This latest round of funding will help us make e-commerce easier by serving more clients globally, while building on our innovative, ready-to-use technology, and best-in-class support. We are proud to have partners like Partech and Peak as they bring their extensive knowledge to the table taking companies like Channable to the next level.”
Channable provides an intelligent, scalable and simple-to-use solution for data feed management and PPC automation enabling online retailers, brands and agencies to sell, market and advertise their products globally. Spanning hundreds of directories, search engines, e-commerce sites and social networks, Channable powers sales and optimizes e-commerce performance with actionable insights to ensure peak performance. With over 6,000 clients worldwide using its product data feeds connections, price comparisons, order synchronization and affiliate platforms, Channable connects online retailers and marketers with global marketplaces, including Amazon, Google Shopping, Facebook, and Microsoft Advertising.
Consisting of over 170 professionals and more than 30 different nationalities, Channable started in the Benelux evolving into a global company with offices in Berlin, London, New York City, Utrecht, and Logroño.
For more information, go to channable.com.