commercetools Receives Financing

commercetools GmbH, a Munich, Germany-based provider of SaaS solutions for eCommerce products, has received a financing of undisclosed amount (but in the mid-million range, according to a written statement).

Backers include Bayern Kapital, High-Tech Gründerfonds, BayBG and private investors.

The company intends to further develop and market its cloud-based software.

Founded in 2006 by managing director Dirk Hörig and Denis Werner, commercetools provides software-as-a-service solutions for online mail order companies. The company, which today employs 40 staff, recently opened another office in Berlin for eCommerce marketing services and cloud eCommerce products.



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