Threecolts, a startup based in London, UK, has announced that it has raised $90 million in a Series A funding round. The funding was led by Crossbeam Venture Partners and General Global Capital, with participation from Stratos and CoVenture. Threecolts claims to be profitable and has reported a six-fold increase in revenue year-over-year. Since its inception, the company has completed 14 acquisitions.
Threecolts offers software for brands and retailers to manage their sales channels on Amazon, Walmart, and eBay. The platform aims to create a level playing field for brands and small companies, as the sales tools on these platforms often favor large companies. Threecolts was started by an ex-Amazon executive who recognized the need for software to help businesses compete on these platforms.
Since its inception in 2021, Threecolts has gained 22,000 customers who jointly produce more than $30 billion in total merchandise sales. These customers have seen an increase in earnings of $200 million and a 200% increase in detail page conversions. Threecolts’ client list includes leading consumer brands and Fortune 500 companies such as Samsung, Panasonic, and L’Oréal.
Threecolts’ mission is to make selling online easier and more profitable for businesses of all sizes. The company plans to use the funding to take its platform to the next level. Threecolts has increased its staff to 150 employees in 31 countries during the last year. The company is based in London, UK.
Threecolts’ success in the e-commerce management software industry can be attributed to its ability to help businesses optimize their sales channels on major e-commerce platforms. The company’s software allows businesses to streamline their sales processes, improve their customer experience, and increase their sales revenue. Threecolts’ focus on innovation and customer satisfaction has helped it to establish itself as a leader in the e-commerce management software space. With this recent funding, the company is well-positioned to continue expanding its operations and providing top-tier services to businesses around the world.
