CommerceHub Announces Strategic Investment From Insight Partners
CommerceHub, a leading provider of ecommerce solutions for enterprise retailers and brands, today announced a strategic investment by global venture capital and private equity firm Insight Partners. This investment will accelerate CommerceHub’s platform innovation and expand its solutions to realize the company’s digital supply chain vision.
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CommerceHub helps more than 15,000 retailers, brands, and distributors achieve over $25 billion in Gross Merchandise Value annually. CommerceHub’s leading ecommerce enablement platform connects demand, supply and delivery to help retailers and brands to increase sales by expanding product assortment, promoting products anywhere consumers are, and enabling rapid, on-time customer delivery.
With the dramatic and ongoing shift to ecommerce that has been intensified due to the COVID-19 pandemic, CommerceHub’s mission-critical solutions enabled retailers and brands to operate at peak holiday levels throughout 2020. As a result, the company’s online order volume increased nearly 80% year-over-year since March.
“This investment represents yet another new and exciting chapter for CommerceHub,” said Frank Poore, Founder and CEO of CommerceHub. “Insight Partners shares our vision that all commerce has become ecommerce and together, we will continue our efforts to advance the capabilities of the digital supply chain.”
“CommerceHub has established themselves as a leader in drop-ship ecommerce, and we believe they will continue to transform the way retailers and brands digitize their supply chains, drive revenue, and improve the customer experience,” said Deven Parekh, Managing Director at Insight Partners. “The company has achieved incredible growth to date, and we are excited to partner with them to help execute their digital supply chain vision.”
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