Mirakl Raises a €100 Million Revolving Credit Line to Finance New Acquisitions

PlatformsSupply Chain
Written By Rick Watson

Mirakl’s software is used by retailers such as Macy’s Inc., Asos Plc and Carrefour SA to create marketplaces on their websites, giving them a cut from selling products from other merchants without stocking the inventory directly.

Mirakl has been a standout performer in the marketplace arena for some time now. If I had to guess, the company would be interested in making acquisitions to continue to expand its product set.  Even though 100 million euros is a lot money, it likely means they won’t be making any huge acquisitions like an eCommerce platform.  Instead, the acquisitions are likely to be more targeted.

Bloomberg: Mirakl Gets €100 Million Revolving Credit Line to Finance Deals

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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