Medusa to raise €8 million in a seed round led by LocalGlobe and Dawn Capital.

Denmark France United Kingdom United States 09 July 2022
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Medusa, a Copenhagen, Denmark-based software startup developing an open-source headless commerce engine, announced a seed funding round closed at €8 million ($8 million).

The money was raised from investors co-led by LocalGlobe and Dawn Capital, joined by angel investors Anthony Casalena (Squarespace CEO & founder), Nicolas Dessaigne (Algolia founder), and Scott Williamson (Ex-CPO Gitlab).

Medusa, founded in 2021 by CEO Sebastian Rindom, Nicklas Gellner and Oliver Juhl, developed an open source alternative for Spotify, aimed at the JavaScript developer community. The company says it solves the pains of merchants wanting to create unique customer experiences and optimize operations, thanks to its developer-first approach. It provides similar core functionality as Shopify out-of-the-box, while its open abstraction-based architecture makes customizations and maintenance much easier to handle for developers as businesses’ needs evolve. The platform gives merchants control of their stack by easily connecting to APIs of payment providers, logistics tools, CMSs, and other systems while enabling a native omnichannel setup through its headless architecture.

The company says it is already active in e-commerce shops, with a community of more than 2,000 developers that started some 10,000 projects on the platform.

Medusa previously was seeded by Seedcamp in 2021.

Total investments received (USD): 8.95M

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