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Ankorstore

ankorstore.com

Founded Year

2019

Stage

Series C | Alive

Total Raised

$420.89M

Valuation

$0000 

Last Raised

$282.27M | 1 yr ago

About Ankorstore

Ankorstore is a marketplace that connects brands and designers with boutiques all over Europe.

Headquarters Location

101 rue de Sèvres

Paris, 75006,

France

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ESPs containing Ankorstore

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EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / E-Commerce

The wholesale platforms market offers digital solutions for brands and retailers to manage the wholesale buying and selling process online, increasing efficiency and supporting business growth. These platforms provide real-time data insights, allowing for optimized performance and the ability to view linesheets, build assortments, place and manage orders, process payments, and more. With the chall…

Ankorstore named as Highflier among 14 other companies, including JOOR, Faire, and Inventa.

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Research containing Ankorstore

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Ankorstore in 2 CB Insights research briefs, most recently on Jan 12, 2022.

Expert Collections containing Ankorstore

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Ankorstore is included in 4 Expert Collections, including E-Commerce.

E

E-Commerce

10,327 items

U

Unicorns- Billion Dollar Startups

1,215 items

S

Store tech (In-store retail tech)

301 items

This collection looks at the tech-enabled companies helping brands and retailers promote their products and compel customers to buy.

M

Market Research & Consumer Insights

717 items

This collection is comprised of companies using tech to better identify emerging trends and improve product development. It also includes companies helping brands and retailers conduct market research to learn about target shoppers, like their preferences, habits, and behaviors.

Latest Ankorstore News

Tiger Global-backed $2 billion marketplace startup Ankorstore is set to become the latest tech unicorn to cut jobs, sources say

Mar 7, 2023

The Tiger Global-backed company has raised 365 million euros (around $387 million) to date. It is the latest high-profile Tiger Global startup to slash jobs, following on from Stripe and Getir. Ankorstore, a $2 billion marketplace startup that counts US investing giant Tiger Global among its biggest backers, is set to cut a substantial amount of its workforce, sources say. The Paris-based company, which was founded in 2019 by veterans of Etsy and Vestiare Collective, has built a wholesale platform that connects independent shop owners with retailers. France's Ankorstore has raised 365 million euros (around $387 million) to date and is also backed by Coatue and Index Ventures. The company is currently undergoing a sizable reorganization that will result in job cuts, four Paris-based venture capitalists and another London-based source told Insider. The cuts could result in around half of Ankorstore's workforce leaving the business, inclusive of a cut of around 20% of staff last October, one industry source estimated. Ankorstore employed around 400 people in February 2022 but LinkedIn estimates that around 600 people currently work at the startup. A post referencing the reorganization has appeared on LinkedIn while over a dozen Ankorstore staffers have set their profiles to "Open for Work." A spokesperson for Ankorstore said the company was unable to comment on the matter. 2023 has been a busy year for tech layoffs after a difficult 2022, as companies look to cut costs and rein in burn amid an uncertain macroeconomic environment. So far in 2023, more than 450 tech companies have laid off more than 120,000 staff, according to the tracker site Layoffs.fyi. Investment firm Tiger Global had been a major pandemic startup investor, with a particular uptick in European deals through 2021. In keeping with the broader downturn in the sector, many of those well-funded startups are now slashing jobs. Others in Tiger's portfolio reducing headcount include Stripe, Checkout, Getir, and Messagebird. Ankorstore competes with US rivals like Faire, which was last valued at $12.59 billion and expanded into Europe in 2021. Faire also cut 7% of its 1,200-person workforce in November, The Record reported. Usually, smaller retailers struggle to compete with bigger players because the brands they want to showcase will have a high minimum order requirement. Ankorstore effectively acts as the middleman with a minimum order of 100 euros (around $106), allowing smaller retailers to buy a greater variety of stock. Brands are then charged a commission on sales by Ankorstore. Got a tip? Email the reporter Callum Burroughs at cburroughs@insider.com. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications

Ankorstore Frequently Asked Questions (FAQ)

  • When was Ankorstore founded?

    Ankorstore was founded in 2019.

  • Where is Ankorstore's headquarters?

    Ankorstore's headquarters is located at 101 rue de Sèvres, Paris.

  • What is Ankorstore's latest funding round?

    Ankorstore's latest funding round is Series C.

  • How much did Ankorstore raise?

    Ankorstore raised a total of $420.89M.

  • Who are the investors of Ankorstore?

    Investors of Ankorstore include Aglae Ventures, Alven Capital, Global Founders Capital, Index Ventures, Bain Capital Ventures and 6 more.

  • Who are Ankorstore's competitors?

    Competitors of Ankorstore include Peeba and 2 more.

Compare Ankorstore to Competitors

Faire Logo
Faire

Faire operates as an online wholesale marketplace. It offers home decoration, food and drink, beauty and wellness, jewelry, paper and novelty, and more. It was formerly known as Indigo Fair. It was founded in 2017 and is based in San Francisco, California.

P
Peeba

Peeba operates as a curated online wholesale marketplace. It includes stationery, kitchen accessories, pet supplies, home and living, kids and baby products, beauty and personal care, and fashion. It was founded in 2020 and is based in Kwun Tong, Hong Kong.

JOOR Logo
JOOR

JOOR provides virtual showrooms that run independent of the buying calendar and facilitate 24x7 shopping from anywhere in the world. The platform enables brands and retailers to manage every piece of wholesale online, from creating and hosting virtual appointments to order management to visibility to the performance of their business via analytics and insights.

Tundra Logo
Tundra

Tundra delivers an online wholesale marketplace to help businesses buy various kinds of products directly from suppliers. It automates end-to-end wholesale processes and allows suppliers to give business-to-business buyers instant freight costs, checkout, and delivery solutions. The company was founded in 2016 and is based in San Francisco, California.

Abound Logo
Abound

Abound provides software that connects brands and manufacturers’ representatives. The B2B software platform leverages analytics to help brands and manufacturers' representatives connect, collaborate, and bring products to market.

A
Andisor

Andisor offers a business-to-business digital marketplace. It provides a fashion businesses marketplace for small and independent retailers to discover, engage and buy from global brands through an online platform. The company was founded in 2021 and is based in Melbourne, Australia.

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