Scalefast, a Los Angeles-based provider of a digital commerce solution for brands to do direct-to-consumer (DTC) eCommerce, raised $22m in Series B funding.
Backers included Xplorer Capital, Stereo Capital, FJLabs, as well as current investors Benhamou Global Ventures, Crédit Mutuel Equity and Adara Ventures. In conjunction with the funding, Keith Nilsson, Managing Partner of Xplorer Capital, will be joining Scalefast’s board effective immediately.
The company intends to use the funds to expand its team, presence and product offering to further support existing and new customers.
Led by Nicolas Stehlé, CEO, Scalefast provides brands with a platform to sell online, increase the performance of their eCommerce channel, and launch into new global markets. The tools enable brands to manage, optimize and deliver modern eCommerce experiences, to accelerate global distribution, market penetration, user experience and profitability. Its end-to-end operating partnership, including global merchant-of-record agreements, physical and virtual fulfillment, payment, fraud & tax management, and the full range of finance functions, complement all core channel functions. Scalefast’s portfolio of customers includes industry leaders such as L’Oréal, FLIR and Square Enix, among others.