Mobile e-Commerce Player Shopgate Closes Series B Round

As a further indication mobile has arrived, news of Shopgate (www.shopgate.com) having received seven digits Series B funding from  Northcap from Denmark and Creathor Venture from Germany for growing their mobile commerce was just announced .

Shopgate

Shopgate landing

According to the company’s press, the added capital will be earmarked for accelerating Shopgates already significant growth. Currently Shopgate serves more than 5,000 merchants in only its  third year. With offerings to millions of users, the portal has expanded ten times where gross merchandising volume stands so far this year. Andrea Anderheggen, CEO and founder of Shopgate, offered this comment via the company’s release:

“Our goal is to enable merchants to sell everything, anytime and anywhere. We are thrilled to have this financial backing to strengthen our position within the booming mobile commerce market. Having previously worked with Creathor Venture and after intensive talks with Northcap, we are very happy to have found real entrepreneurial investors combining deep industry knowledge and a down-to-earth, pragmatic approach to building a worldwide category leader.”

Anderheggen went on to reflect on what will soon become a $15o billion dollar market. Pointing out that Amazon and Ebay are the prevalent players so far, Dr. Gert Köhler, CEO of Creathor Venture added this:

“For m-commerce to be taken seriously it needs an independent and focused approach. The Shopgate technology and the resulting benefits for merchants are far ahead of any alternative worldwide. The hyper growth and execution power of Shopgate in the last 18 months has been breathtaking.”

Since launching back in 2011, Shopgate’s founders; Andrea Anderheggen, Ortwin Kartmann and Dieter Kartmann have built an e-Commerce team of over 80 professionals serving offices in  Butzbach and Berlin (Germany) as well as in Zurich (Switzerland), Warsaw (Poland) and Palo Alto, California (USA).

For more information about this significant mobile commerce news, readers should contact Shopgate’s Sahra Tawakol, Vice President Global Development via: press@shopgate.com or at: 1-650-827-5583

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