CommerceIQ enters unicorn club with $115 mn fundraise in Series D round

Company employs over 150 people out of its Bengaluru office, and is expected to nearly double the headcount by the end of the year

San Francisco-based e-commerce analytics platform CommerceIQ has raised $115 million in its Series D financing round at a valuation of more than $1 billion. This funding round follows CommerceIQ’s $60 million Series C round in June 2021, bringing total funding in the last 12 months to $175 million.

The Series D round was led by SoftBank Vision Fund 2 and included participation of all its existing institutional investors – Insight Partners, Trinity Ventures, Shasta Ventures, and Madrona Venture Group.

The investment will be used to expand CommerceIQ’s business globally, including India, and to accelerate the development of its platform, which