Ankorstore announced raising a €82 million in a Series B funding round led by Tiger Global and Bain Capital Ventures.

Ankorstore, a Paris, France-basd operator of a B2B marketplace connecting brands and designers, announced raising a €82 million ($100M) in a Series B funding round.

The money was raised from investors led by Tiger Global and Bain Capital Ventures, and will be used to expand the customer base.Existing investors Index Ventures, GFC, Alven, and Aglaé contributed to the round.

Ankorstore, founded in 2019 by Mathieu Alengrin (CEO), Nicolas Cohen, Nicolas d'Audiffret and Pierre Louis Lacoste, developed a retail tech platform that connects both retailers and brands. The company says the platform is in use by 5,000 brands and 50,000 independent retailers in Europe.

Ankorstore previously raised €25 million in Series A funding led by Index Ventures at the end of 2020 and €6M at the end of 2019.