Elastic Path Raises $30M in Financing

Elastic Path

Elastic Path, a Boston, MA-based composable commerce company, raised $30M in funding.

The latest round was led by Sageview Capital with participation from additional existing investors.

The company, which has raised 90M in 2022, including $60M announced in February, intends to use the funds to accelerate its leadership in Composable Commerce.

Led by CEO Jamus Driscoll, Elastic Path provides solutions for digitally-driven brands to rapidly build, deploy, and continuously optimize highly differentiated commerce experiences. In 2022, the company launched EP Payments, a pre-integrated payments solution, released the D2C Starter Kit, a composable frontend framework, available as open-source code on the company’s Github; and created an Integrations Hub, a central repository of pre-built low code integrations.

Elastic Path, which has offices in Boston, Newcastle, Reading, Toronto, and Vancouver, is powering digital commerce for brands, such as Intuit, Pella, Deckers Brands, T-Mobile, and over 250 other leading brands.