The Series D funding provided $135M to Akeneo, a provider of product information management (PIM), and product experience management (PXM), solutions based in Boston, MA and Nantes, France.
The round was led by Summit Partners with participation from Alven and Partech.
The company plans to use the funds for product innovation, key executive hirings, and expansion of its strategic alliances.
Fred de Gombert is CEO. The Product Experience Management (PXM), platform allows businesses to grow by providing a consistent and compelling product experience across all channels. This includes eCommerce, mobile, print and points of sale. Akeneo PXM Studio, which includes a marketplace, PIM, connectors, and add-ons, improves product data quality, simplifies catalog management, accelerates the sharing and exchange of product information across all channels and locations, and is a platform with an open platform.
Global brands including Fossil, 1-800 Flowers, and John Deere use Akeneo’s PXM Studio platform to centralize product information, measure and enrich product data quality and consistency, and deliver consistent, and personalized product experiences across all sales channels and touchpoints to increase sales, reduce time to market, and boost productivity.