Shopware raises $100 million
Janina Gerhardt
| 09.02.2022
The Westphalian software provider was able to attract prominent investors in the form of Carlyle and Paypal.
The software company Shopware has received $100 million from the international investment manager Carlyle and the payment company Paypal. Founders Sebastian and Stefan Hamann announced that they will retain a significant majority stake in the company after the investment and remain co-CEOs.
Brothers Sebastian and Stefan Hamann founded Shopware in 2004. The company is headquartered in Schöppingen, Westphalia, and employs 350 people there. The product consists of an open-commerce platform that promises users freedom and flexibility. Well-known customers include Douglas, Jägermeister and Philips. The company claims to have generated a platform gross merchandise value (GMV) of almost $20 billion in 2021.
Investor Carlyle is now expected to use its digital commerce experience to help drive Shopware's international growth, expand its product portfolio and implement new go-to-market strategies. "We are looking forward to working with Carlyle and PayPal - two companies with great expertise in digital commerce - on the next stage of our journey," says co-CEO Sebastian Hamann.
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