E-commerce management platform CommerceIQ has raised a $60 million Series C funding round led by Insight Partners. Existing investors Trinity Ventures, Shasta Ventures, and Madrona Venture Group also participated in the round. With this round, the startup has so far raised $81 million.
The startup will be using the funds for international expansion and product research and development focused on further maximising brand revenue and profitability on online marketplaces such as Amazon and Walmart. It will also be doubling down on its headcount to 250 by the end of the year. The company also intends to significantly scale its India