# Akinon

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

- Industry: Software
- Headquarters: Istanbul, Turkey
- Website: www.akinon.com
- Total disclosed funding: $20M
- Latest round: Series B (Oct 13, 2021)
- Investors on record: 4

## About

Akinon is a digital commerce platform that enables businesses to streamline their retail operations through innovative cloud-based solutions, enhancing their online shopping experiences for customers globally.Founded in 2016 by Ahmet Sari, Mustafa Yetis, Mümin Öztürk, Padil Ristiandi, and Tolga Tatari, Akinon is headquartered in Istanbul, Turkey. The company focuses on providing a comprehensive digital commerce platform without any reported pivots or changes in its business operations. In October 2021, Akinon raised USD 20.00 mn in Series B funding to enhance its services and expand its market presence, which marks the total amount raised.Akinon offers a comprehensive digital commerce platform designed to empower businesses in navigating the complexities of modern retail. Central to their offerings is the Akinon Commerce Cloud, a cloud-based, headless, and composable platform that integrates various functionalities such as order management systems (OMS), marketplace capabilities, live commerce, and mobile and in-store solutions. These solutions cater to a diverse clientele, including B2B, B2C, and D2C businesses, facilitating the creation and management of multiple storefronts across different languages, currencies, and payment methods. Akinon serves a global market, with significant penetration in countries across Europe, the Middle East, and Asia, providing state-of-the-art omnichannel solutions for top retail brands, ultimately enhancing customer experiences through seamless shopping journeys.Akinon's revenue model is structured around providing software-as-a-service (SaaS) solutions, with clients engaging in partnerships for the use of their platform and associated applications. The company’s transactional framework includes subscription agreements where businesses pay recurring fees to access Akinon’s suite of digital commerce tools and services. Clients leverage the platform for various commerce applications, generating revenue through both direct-to-consumer and B2B channels. The platform's design supports a flexible pricing structure that aligns with the unique requirements of each client, promoting long-term relationships and sustained revenue growth through ongoing service provision.In October 2021, Akinon raised USD 20.00 mn in Series B funding, co-led by Actera Group and Revo Capital, with participation from Endeavor Catalyst and SmartFin. The funding will be utilized to enhance the global competitiveness of its services, boost service quality, and expand into new markets, specifically targeting the MENA region, Eastern Europe, and Asia in the coming years.

## Funding rounds

- Series B, Oct 13, 2021, $20M — Actera Group, Endeavor Catalyst, Smartfin, Revo Capital

## Investors

- Actera Group (https://capitalatlas.ai/funds/actera-group) — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Smartfin (https://capitalatlas.ai/funds/smartfin) — Series B
- Revo Capital (https://capitalatlas.ai/funds/revo-capital) — Series B