FiftyOne Global Ecommerce Raises $10.1M in Funding
FiftyOne Global Ecommerce, a NYC-based global ecommerce expansion platform for U.S. retailers, has raised $10.1m in an internal funding.
An additional $2.4m round is expected to close in the third quarter of 2012.
The company intends to use the funding to invest in logistics, product innovations and technology initiatives.
Led by Michael DeSimone, CEO, FiftyOne Global Ecommerce operates a technology and services platform that enables U.S. retailers to transact with customers from more than 100 countries and in more than 40 currencies worldwide. It manages all aspects of international orders including multi-currency pricing and payment processing, landed cost calculation, customs clearance and brokerage, international fraud management, international logistics orchestration, and customer-experience parity.