Commercetools at $100M ARR

Commercetools is a cloud-based e-commerce platform that provides various tools and services for businesses to build and manage their online retail operations.

It experienced 80% topline growth in 2022 and added 130+ new enterprise-sized customers, 30+ in Q1 2023.

Raised $140 million in a Series C funding round, valuing the company at $1.9 billion.