The amount of the deal was not disclosed.
The company plans to use the proceeds to strengthen the Middle Eastern market and further develop the South East Asian market.
Led by Luis Krug and Emrah Hizarci, Incubout provides digital commerce merchants with a complete toolbox to build, operate and scale online stores.
Merchants can build an online shop quickly without coding. Once it is up and running, Incubout will publish the store catalog across 50 marketplaces (e.g. including Tmall.com, Amazon, eBay, etc.) and manage payments, product feeds, publishing, procurement and even order management.
The platform already transacts over €500M in product sales, hosts over 12,000 shops worldwide, supports 150 payment gateways and operates in 8 different languages including Thai, Arabic, and Mandarin.
The company currently has partnerships in Spain, Middle East, Indonesia, Hong Kong and Australia.