Productsup Raises Over $70M in Series B Funding
ProductsupP2C software company based in Berlin, Germany, raised $70M through Series B funding Bregal Milestone led the round, and Nordwind Capital participated. The company plans to use the funds for product development, merger and acquisition opportunities, strengthening its partner network, and expanding to new markets. Vincent Peters, CEO and Marcel Hollerbach (Co-Founder and Chief Innovator), lead Productsup, which provides retailers, service providers and marketplaces with a product to consumer (P2C), platform that manages all product-to–consumer information value chain across any system, channel, and technology. There are more than 250 employees at the company. It works with more than 900 global brands, retailers and marketplaces as well as service providers to help them control their omnichannel strategy to increase market share. The company processes over 2 trillion products per month.