Channable raised €55 million in Series B led by Partech and joined by existing investor Peak.

Channable, an Utrecht, Netherlands-based online advertising startup, announced closing series B at €55 million ($62M).

The money was raised from investors led by the French VC Partech Ventures, and joined by existing shareholders from Peak Capital.

Channable, founded in 2014 by CEO Rob van Nuenen and Stefan Hospes, developed a software aggregation tool used to create, optimize and export feeds to over 500 comparison websites, affiliate platforms and marketplaces. The solution allows brands and retailers to efficiently increase their audience and grow revenues - the company says it handles business for 6,000 customers globally, processing more than 55 billion items per day via 2,500 local and global channels across comparison websites, marketplaces, search engines, and social networks.

Channable was previously seeded by Peak Capital in 2016.