Scalefast, a Los Angeles-based digital commerce solution that is changing the way brands do direct-to-consumer (DTC) eCommerce, has raised a $22 million Series B funding round. Scalefast plans to use this funding to expand its team, footprint and product offering to further support existing and new customers.
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Scalefast Raises $22M Series B Round to Lead Future of Direct-to-Consumer Ecommerce
The Series B funding further validates Scalefast’s modern approach to helping brands expand and scale their direct-to-consumer sales. As a leader in global eCommerce, Scalefast has successfully provided greater control to brands that need to deliver seamless and unified operations to consumers in an otherwise slow, expensive and fragmented enterprise eCommerce market. In light of the global COVID-19 crisis, Scalefast further demonstrated its capacity to help brands respond to an unprecedented event by offering its services for brands needing to increase product availability to consumers through a rapid move towards DTC sales, launching stores in as little as 15 days.
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Xplorer Capital, Stereo Capital, FJLabs, as well as current investors Benhamou Global Ventures, Crédit Mutuel Equity and Adara Ventures, participated in the round.
Scalefast, whose portfolio of customers includes industry leaders such as L’Oréal, FLIR and Square Enix, saw 200% growth year-over-year and has received top honors in the past few years including Red Herring’s 2019 Top 100 North America award, and named to both the Inc. 5000’s list of the fastest growing companies and Deloitte Technology Fast 500. “Everyone struggles with the necessary trade-off requirements attached to move one’s brand online. And it takes a subtle set of tools to maximize the revenue impact, the content and the experience all-in-one. Scalefast is disrupting the sector and enabling commerce at your fingertips. It is becoming a standardized platform, a must have for its unmatched flexibility and fluidity,” said Red Herring’s jury.