Software venture Marketplacer, which provides ecommerce solutions for leading Australian retailers such as Myer, Metcash and Bob Jane T-Marts, has raised $20 million as it plans to head to an IPO in early 2021.
Founded in Melbourne in 2012, the company creates backend online marketplace software and raised $20 million 12 months ago in what was touted back then as a pre-IPO raise.
Those investors, including Bombara Group, Acorn Capital, SG Hiscock, Morgans Financial and Mirrabooka Investments, returned for this latest round, with Endeavor Asset Management, Ellerston Capital and OC Fundsk also signing up for the fresh raise.
Marketplacer has seen its revenues more than double in the past two years and while it was dreaming of an IPO in 2020 12 months ago, is now hoping to list in 2021 and is hoping to be profitable by then too.
Daily startup news and insights, delivered to your inbox.