# Akeneo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/akeneo

- Industry: Software
- Headquarters: Nantes, France
- Website: www.akeneo.com
- Total disclosed funding: $144M
- Latest round: Series D (Jun 14, 2022)
- Investors on record: 6

## About

Akeneo is a provider of product information management (PIM) solutions that enhance the management and sharing of product data across diverse channels, primarily serving enterprise-level clients.Founded in 2013, Akeneo, located in Nantes, France, specializes in product information management, enabling businesses to optimize their product data handling. The company was co-founded by Nicolas Dupont and Yoav Kutner. As of June 14, 2022, Akeneo raised EUR 80 million in Series D funding, led by Summit Partners, with participation from Alven and Partech Partners. This increase in funding brings the total amount raised to EUR 80 million, with a current company valuation of EUR 983.569 million.Akeneo specializes in product information management (PIM) solutions designed to enhance the efficiency of managing and sharing product data across various channels. Their core offering, the Akeneo Product Cloud, enables businesses to centralize, enrich, and activate product information, facilitating seamless integration with over 500 retailers and marketplaces. This platform caters primarily to enterprise-level clients in sectors such as retail, manufacturing, and eCommerce, empowering them to create unified product experiences that drive customer engagement and conversion. Key functionalities include the Supplier Data Manager for onboarding supplier information and shared catalogs for secure data sharing, which collectively address the challenges of inconsistent product information and streamline omnichannel strategies. Akeneo operates globally, serving markets in North America, Europe, and Asia, with a diverse customer base that includes well-known brands and manufacturers.Akeneo generates revenue primarily through subscription-based pricing models for its PIM solutions, with clients typically engaging in annual contracts that provide access to their suite of services. Transactions between Akeneo and its clients involve tiered pricing structures based on the specific features and scale of deployment required; this allows businesses to select packages that best align with their operational needs. The flagship Akeneo Product Cloud, along with ancillary offerings such as the Supplier Data Manager and PX Insights, form the basis of these transactions, providing value through enhanced product data management capabilities. Clients range from B2B partners to direct-to-consumer retailers, thereby ensuring a broad spectrum of revenue streams across different market segments. Each engagement reflects a commitment to improving product experience and operational efficiency, driving business growth for both Akeneo and its partners.In June 2022, Akeneo raised EUR 80 million in Series D funding led by Summit Partners, which will be used for product development, key executive hires, and the expansion of strategic partnerships. The company aims to enhance its product offerings and is focused on expanding into new geographic regions, specifically targeting growth in North America and Asia by the end of 2023. Future products are currently in development, aimed at further streamlining product data management for their clients.

## Funding rounds

- Series D, Jun 14, 2022, $84M — Summit Partners, Partech Partners, Alven
- Series C, Dec 27, 2019, $40M — Summit Partners, Partech Partners, Alven, Salesforce Ventures
- Series C, Jan 22, 2019, $5.9M — Salesforce Ventures
- Series C, Mar 17, 2017, $9.7M — Partech Partners, Alven
- Series B, May 13, 2016, $1.1M — Alven
- Series B, Nov 10, 2014, $2.4M — Alven
- Seed, Sep 4, 2013, $0.5M — Kima Ventures, Nestadio

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Nestadio — Seed
- Alven (https://capitalatlas.ai/funds/alven) — Series B, Series C, Series D
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series C, Series D
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C
- Summit Partners (https://capitalatlas.ai/funds/summit-partners) — Series C, Series D