Shopware raises $100 million

The Westphalian software provider was able to attract prominent investors in Carlyle and Paypal.
News by Janina Gerhardt Janina Gerhardt · Stuttgart, 09. February 2022

The Westphalian software provider has gained prominent investors in Carlyle and Paypal.

The software company Shopware has received 100 million US dollars from the international investment manager Carlyle and the payment company Paypal. Founders Sebastian and Stefan Hamann announced that they will continue to hold a clear majority stake in the company after the investment and will remain co-CEOs.

The brothers Sebastian and Stefan Hamann founded Shopware in 2004. The company is headquartered in Schöppingen, Westphalia, where it employs 350 people. 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 US dollars in 2021.

The investor Carlyle will now use its experience in digital commerce to help drive Shopware's international growth, expand its product range 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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