Akeneo Raises $135M in Series D Funding


Akeneo, a Nantes, France- and Boston, MA-based provider of product experience management (PXM) and product information management (PIM) solutions, raised $135M in Series D funding.

The round was led by Summit Partners with participation from Alven and Partech.

The company intends to use the funds for product development, key executive hires, and expansion of its strategic partnerships.

Led by CEO Fred de Gombert, is a Product Experience Management (PXM) platform enabling businesses with products to generate growth opportunities by delivering a consistent and compelling product experience across all channels, including eCommerce, mobile, print, points of sale and beyond. With its open platform, PIM, add-ons, connectors and marketplace, Akeneo PXM Studio improves product data quality and accuracy, simplifies catalog management, and accelerates the sharing of product information across channels and locales.

Global brands including Fossil, 1-800 Flowers, and John Deere use Akeneo’s PXM Studio platform to centralize product information, measure and enrich product data quality and consistency, and deliver consistent, and personalized product experiences across all sales channels and touchpoints to increase sales, reduce time to market, and boost productivity.