Moteefe raises $11m from BGF and other backers to expand its e-commerce infrastructure platform
The round was led by BGF with participation from Gresham House and Force Over Mass Capital.
Moteefe provides an end-to-end e-commerce platform that enables brands and retailers to launch online stores and manage on-demand production and global fulfilment. The company connects merchants with a network of manufacturers to deliver custom products with zero upfront inventory requirements.
Moteefe has secured an $11m funding round led by new investor BGF, with participation from existing backers including Gresham House and Force Over Mass Capital. The fresh capital will support the company as it responds to rising demand for digital retail infrastructure and expands its enterprise offerings.
The platform allows merchants of all sizes to set up online storefronts and sell custom items produced on demand through a global network of fulfilment partners. Despite challenging retail conditions, the business has seen strong user growth and increased transaction volume as traditional high street sales migrate online.
From the founder
"At a time when global retail has been suffering and supply chains have virtually ground to a halt, we have seen a doubling in users and strong customer demand for our retailers’ products. This increased demand enabled us to grow our team and increase our production throughput, benefitting our entire network and creating high quality jobs internationally,"
Mathijs Eefting
CEO at Moteefe
Investor perspective
"We were impressed with how Moteefe’s unique platform capabilities have allowed it to continue on its fast growth trajectory during the first part of 2020 despite the Covid 19 pandemic. This performance has underlined the demand in the market for their technology as the global retail landscape undergoes a massive transformation"
Daina Spedding
Investor, BGF
