ankorstore raises another $102 million for its wholesale marketplace
Ankorstore Secures $102 Million in Series B Funding
The French company Ankorstore has successfully completed a $102 million (€84 million) Series B funding round. Leading this investment are Tiger Global and Bain Capital Ventures. Existing investors, including Index Ventures, GFC, Alven, and Aglaé, also contributed to this substantial funding.
This financing arrives swiftly after the company’s previous €25 million raise just months prior, demonstrating strong investor confidence.
What Does Ankorstore Do?
Ankorstore is developing a wholesale marketplace specifically designed for independent retailers. Many consumers are familiar with boutiques featuring curated selections of unique products.
These items often include things like home goods, gourmet foods, candles, accessories, and stationery. Ankorstore facilitates the sourcing of these products for shop owners.
How the Marketplace Works
The platform allows retailers to procure a diverse range of products, effectively acting as a curator for their customer base. Ankorstore provides beneficial terms even for businesses with existing brand relationships.
Retailers can consolidate purchases from multiple brands through a single platform. Furthermore, payment is not withdrawn from the retailer’s account until 60 days after the order is placed.
Conversely, brands on the platform receive payment promptly upon delivery of goods. A low minimum order value of €100 per brand makes the platform accessible even for new businesses.
Growth and Market Presence
Ankorstore’s key metrics are showing positive trends. Currently, the marketplace hosts 5,000 brands and serves 50,000 retail shops.
Further growth is anticipated as retail locations reopen across Europe and tourism rebounds. The company is currently operational in 14 different markets.
Notably, the majority of Ankorstore’s revenue is generated from international markets, exceeding income from its domestic market in France.
Future Potential
Co-founder Nicolas Cohen highlights the United Kingdom, Germany, the Netherlands, and Sweden as key areas for continued expansion. The total addressable market is considerable.
Ankorstore estimates there are 800,000 independent shops throughout Europe that could benefit from utilizing the platform. The success of similar wholesale marketplaces, such as Faire, indicates significant untapped potential within this emerging market.
Ankorstore is positioned to capitalize on this opportunity and further establish itself as a leading wholesale marketplace for independent retailers.
Romain Dillet
Romain Dillet: A Profile of a Leading Tech Journalist
Romain Dillet served as a Senior Reporter for TechCrunch until April 2025. Throughout his tenure, he became a recognized authority within the technology sector.
Extensive Experience and Expertise
Dillet authored more than 3,500 articles focusing on technology and tech startups. This prolific output cemented his position as a key influencer, particularly concerning the European tech landscape.
His expertise spans a wide range of areas, including startups, AI, fintech, privacy, security, blockchain, mobile technology, social media, and the broader media industry.
A Long-Standing Career at TechCrunch
Having spent thirteen years with TechCrunch, Romain Dillet is a well-known figure associated with the publication’s comprehensive coverage of Silicon Valley and the technology industry. His journey with TechCrunch began at the age of 21.
Currently based in Paris, he is widely regarded by many within the tech community as the most informed tech journalist in the city.
Early Identification of Promising Startups
Dillet possesses a talent for identifying significant startups at an early stage. He was the first journalist to report on Revolut, Alan, and N26.
Furthermore, he has broken exclusive stories regarding major acquisitions made by companies such as Apple, Microsoft, and Snap.
Technical Depth and Historical Perspective
Beyond his journalistic skills, Romain is also a proficient developer. This technical understanding allows him to analyze the underlying mechanisms of new technologies effectively.
He also maintains a comprehensive understanding of the computer industry’s evolution over the last 50 years, enabling him to draw connections between innovations and their societal impact.
Educational Background and Philanthropic Work
Romain Dillet is a graduate of Emlyon Business School, a prominent French institution specializing in entrepreneurship.
He actively supports several non-profit organizations, including StartHer, which focuses on the education and empowerment of women in technology, and Techfugees, an organization dedicated to assisting displaced individuals through technology.