Tictail, the free-to-use ecommerce platform we just listed as one of the 5 Swedish startups to look out for in 2014, today announced an $8,03 million Series A funding round led by Thrive Capital and followed by Balderton Capital, Project A Ventures and Creandum. Well known angel investors like Nick D’Aloisio, Scott Bellsky, Andy Dunn and others also participated in this recent round of funding.
The Stockholm-based startup Tictail focuses on strong community integration, simplicity of use, and attractive, customisable design. In less than two years, Tictail has grown to over 35,000 stores in 110 countries worldwide. This latest funding will be used to support the opening of a New York office, and an exploration of the US market as a whole, as well as a new focus on discovery and the consumer experience within Tictail.
Carl Waldekranz, CEO and co-founder of Tictail, stated: ”This is an exciting time for Tictail, and we’re really happy to have a new investor on board that is as strong as Thrive. Thrive is a great strategic partner and we’re looking forward to the team’s input for the US market as we establish and consolidate our US presence. Similarly, the opportunity to develop and improve the consumer experience within Tictail for shoppers is something that we have been building towards for some time, and we look forward to welcoming new customers and store owners from all over the world.”
Will Gaybrick, Partner at Thrive Capital, says: “Tictail has a beautiful product that merchants love, and a vibrant community that is growing faster by the day. We’re excited to see this talented team apply its strengths in design and engineering to develop consumer products that facilitate social commerce and merchant discovery.”