# Elastic Path Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elastic-path-software

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: www.elasticpath.com
- Total disclosed funding: $32M
- Latest round: Series B (Jun 19, 2018)
- Investors on record: 3

## About

Based in Canada, Elastic Path Software, Inc. provides advanced eCommerce solutions tailored for diverse industries, enhancing product management, pricing, and customer engagement through innovative technology.Elastic Path specializes in eCommerce technology solutions aimed at improving pricing and catalog management. Founded in 2000 in Vancouver, Canada, the company has undergone strategic pivots to enhance its product offering. Elastic Path was founded by Harry Chemko, who has a history of entrepreneurial ventures. The company recently raised CAD 30.000 mn in a GROWTH funding round on December 7, 2022, led by Sageview Capital, bringing the total amount raised to CAD 30.000 mn.Elastic Path specializes in providing advanced eCommerce solutions designed to address the intricate pricing, catalog management, and segmentation requirements of various industries, including retail, manufacturing, and distribution. The company's core offerings include dynamic bundles, which enhance customer satisfaction and product sell-through by allowing businesses to sell related items together. Additionally, Elastic Path’s platform supports flexible cart and checkout processes that aim to reduce cart abandonment through optimized design and fast API response times. The solution also features robust B2B2C management capabilities, enabling clients to efficiently handle complex distribution networks and multi-geo, multi-currency pricing requirements. Elastic Path serves a diverse client base across various markets, including the U.S., U.K., and Europe, catering to customers who demand localized and relevant eCommerce experiences.Elastic Path generates revenue primarily through its subscription-based model, which allows businesses to leverage its comprehensive eCommerce platform for ongoing operational needs. Clients generally enter into partnerships with Elastic Path to gain access to its suite of services, which may include tailored solutions for B2B and direct-to-consumer sales. Transactions typically involve a subscription fee structure, allowing clients to utilize flagship offerings, such as the Product Experience Manager and Composable Frontend solutions, within a defined pricing framework. By engaging with Elastic Path, businesses can deploy their products and services in a way that enhances their digital commerce strategies, ultimately driving revenue growth through improved customer experiences and efficient operations.In December 2022, Elastic Path Software Inc. raised CAD 30.000 mn in GROWTH funding led by returning investor Sageview Capital, with plans to use the funding to widen its leadership in composable commerce. The company is developing new products aimed at enhancing its existing eCommerce offerings and plans to expand into new markets, specifically targeting additional regions in North America and Europe by 2024.

## Funding rounds

- Series B, Jun 19, 2018, $32M — BDC Capital, Yaletown Partners, Sageview Capital

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series B
- Yaletown Partners (https://capitalatlas.ai/funds/yaletown-partners) — Series B
- Sageview Capital (https://capitalatlas.ai/funds/sageview-capital) — Series B