Channel IQ, a Chicago, IL-based provider of a platform to manage ecommerce activity, raised $12m in funding.
The backer was Drive Capital.
The company intend sto use the capital to further develop its retail data exchange.
Channel IQ provides retailers and manufacturers with a retail data exchange to manage ecommerce activity.
The platform connects manufacturers and retailers providing access to sales, pricing information, and product catalogs, as well as market and competitor insights and increasingly focuses on CRM aspects of daily channel management, brand management and data exchange between partners.
Customers include companies like Panasonic, LG, Philips Olympus, Wüsthof, Tumi and New Balance.
18/01/2011: Channel IQ Secures Credit Line from Silicon Valley Bank