Tech Company Financing Transactions
Nautical Commerce Funding Round
On 6/29/2022, Nautical Commerce raised $30 million in Series A financing from Drive Capital, Accomplice and Golden Ventures.
Transaction Overview
Company Name
Announced On
6/29/2022
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series A
Investors
Drive Capital (Lead Investor) (Masha Khusid)
private investors (Masha Khusid)
Proceeds Purpose
Nautical will use the funds to further develop its multi-vendor marketplace platform, expand its reach into new markets, and grow its engineering, product, customer success, and sales and marketing teams. Nautical plans to add over 40 new team members over the next 18 months.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
NYC Headquarter 18 W 21st St 900
New York, NY 10010
USA
New York, NY 10010
USA
Phone
Undisclosed
Website
Email Address
Overview
After spending years helping the largest companies in the world with digital transformation while at Apple, Visa, Turvo, and Modo, Nautical Founder & CEO Ryan Lee noticed a trend. All of these enterprises were looking to build a marketplace, but they didn't have the technology or the expertise to do it. They were spending millions of dollars and years to get their marketplaces off the ground, and wasting valuable time and resources in the process.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ryan Lee
Chief Operating Officer
Bhavin Shah
Co-Founder
James Throsby
President
Niklas Halusa
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