Ankorstore to raise €25 million in Series A funding led by Index Ventures and including GFC, Alven and Aglaé

Ankorstore, a Paris, France-basd operator of a B2B marketplace connecting brands and designers, announced that it secured funding of €25 million ($30M).

The money was raised from a range of French, German and Birtish investors led by Index Ventures and including GFC, Alven and Aglaé.

Ankorstore, founded in 2019 by Mathieu Alengrin (CEO), Nicolas Cohen, Nicolas d'Audiffret and Pierre Louis Lacoste, developed a retail tech platform aiming to connect both retailers and brands.

Retailers have the possibility to discover and select from thousands of brands, benefit from 60-day payment terms, test sales with a low minimum order quantity, and take advantage of the constantly evolving tools offered by the platform.

The brands and creators use Ankorstore to sell their products to stores, benefitting from direct contact and returns with retailers, and payment upon delivery, solving any cash flow issues.

Ankorstore previously raised €6M at the end of 2019.