# Itembase

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.itembase.com
- Latest round: Series A (Jun 1, 2013)
- Investors on record: 3

## About

Itembase GmbH is a Berlin-based integration Platform as a Service (iPaaS) company that connects eCommerce merchants with over 500 different commerce systems, facilitating efficient onboarding and operations in the digital retail space.Founded in 2011 and headquartered in Berlin, Germany, Itembase GmbH specializes in eCommerce integration solutions. The company has pivoted its focus to streamline merchant onboarding through pre-built integrations. The founding team includes Laura Garcia, Ramo Karahasan-Riechardt, Ramo Riechardt, and CEO Stefan Jørgensen. The firm completed 5 deals, with its most recent funding round in May 2014, where it raised USD 3.25 mn from investors including German Startups Group, High-Tech Gruenderfonds, M-Investar, and Mountain Partners, bringing the total amount raised to USD 3.25 mn and a current valuation of USD 28.41 mn.Itembase provides an integration Platform as a Service (iPaaS) that connects eCommerce merchants to over 500 commerce systems. The platform simplifies onboarding for businesses, markedly reducing the technical burden typically associated with integration. Itembase's solutions are particularly advantageous for retailers adapting to digital commerce, serving over 300,000 merchants across various sectors. The company primarily operates in North America and Europe, enhancing operational efficiencies in the eCommerce landscape.Itembase's revenue model is subscription-based, where clients pay for platform access and integration services. While specific pricing details are not disclosed, the company emphasizes its contribution to over USD 200 mn in new pipeline opportunities over a 36-month period. Key offerings like digital receipt management and order management systems cater to diverse sectors, including eCommerce, logistics, and financial services.Itembase is focused on developing new products and enhancing its service offerings, although specific products and release dates have not been disclosed. The company aims to expand its market reach, particularly targeting new geographic regions in North America and Europe by the end of 2025. The recent funding of USD 3.25 mn will be utilized to support these growth initiatives, enhancing product development and facilitating further market penetration. In May 2014, Itembase secured venture funding from UPS Strategic Enterprise Fund, with undisclosed financial terms.

## Funding rounds

- Series A, Jun 1, 2013 — Dresselhaus Ventures
- Seed, Mar 1, 2013 — High-Tech Gruenderfonds
- Seed, Nov 1, 2011 — Rheingau Founders

## Investors

- Rheingau Founders (https://capitalatlas.ai/funds/rheingau-founders) — Seed
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Dresselhaus Ventures (https://capitalatlas.ai/funds/dresselhaus-ventures) — Series A