Ankorstore raises 250 million euros

The start-up has also been operating in Germany since last year, now it is a unicorn: With the current financing round of 250 million euros, Ankorstore is worth 1.75 billion euros.

Ankorstore has also had a branch in Germany since 2021, and now the French start-up has reached the billion-euro mark: with the current financing round of 250 million euros, Ankorstore has been awarded unicorn status and a valuation of 1.75 billion euros. The money comes from investors Bond and Tiger Global, joined by Eurazeo and Coatue, as well as all existing investors such as Index Ventures, Bain Capital Ventures, GFC, Alven and Aglae. In 2022, Spain and Italy are to be added to the 23 countries in which Ankorstore already operates.

"This funding will allow us to expand geographically and accelerate our activities in our core European markets," says Nicolas Cohen, co-CEO of the startup. As a wholesale marketplace, Ankorstore offers 200,000 retailers a place to sell their products, and today 400 employees work for the company. Based in Berlin, 31 employees work for Ankorstore, and the funding will be used to hire additional talent, Country Manager Constantin Langholz tells Manager Magazin.

"Our mission is to create a global wholesale business to empower independent retailers," Cohen said. He co-founded the company with Pierre-Louis Lacoste, Nicolas d'Audiffret and Mathieu Alengrin in 2019.