# Shopgate

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

- Industry: Internet
- Headquarters: Butzbach, Germany
- Website: www.shopgate.com
- Total disclosed funding: $22M
- Latest round: Series C (Apr 1, 2015)
- Investors on record: 3

## About

Shopgate is a technology company that specializes in providing a comprehensive shopping app platform and omnichannel fulfillment solutions for retailers, enhancing customer engagement and optimizing retail operations.Founded in 2009 in Butzbach, Germany, Shopgate develops mobile shopping applications that integrate with existing retail systems. Under the leadership of CEO Ralf Haberich, the company raised USD 15 mn in Series C funding in April 2015 from Antares Holdings Limited, with participation from Creathor Ventures and NorthCap Partners. Shopgate has completed a total of 3 deals since its inception and currently holds a valuation of USD 77.065 mn.Shopgate offers a platform that enables retailers to create customized mobile shopping applications, enhancing customer engagement across multiple channels. The services provided include tools for managing store data and marketing, which help retailers increase customer loyalty, lower shipping costs, and reach new demographics. Their products are utilized in various markets, including Germany and other international regions.In 2016, Shopgate reported a revenue of USD 6,146,392.60 and an EBITDA of USD -9,891,852.70. The company's revenue model is subscription-based, allowing retailers to access tailored shopping solutions while establishing flexible pricing arrangements to suit diverse business needs.Following the Series C funding round in April 2015, Shopgate plans to leverage its resources to enhance its product offerings and expand its market reach. The company aims to introduce new features aimed at improving mobile shopping experiences and is exploring entry into additional European and global markets by 2016. The recent funding will support these initiatives, focusing on the development of advanced functionalities for its platform.

## Funding rounds

- Series C, Apr 1, 2015, $15M — Creathor Ventures, NorthCap Partners, Antares Holdings Limited
- Series B, May 16, 2013, $7M — Creathor Ventures, NorthCap Partners

## Investors

- Creathor Ventures (https://capitalatlas.ai/funds/creathor-ventures) — Series B, Series C
- NorthCap Partners (https://capitalatlas.ai/funds/northcap-partners) — Series B, Series C
- Antares Holdings Limited — Series C