French Tech: Ankorstore becomes a unicorn two years after its launch

BRIEF // Ankorstore has just completed a round of funding in series C of 250 million euros. The start-up is the second French unicorn of the year, a few days after PayFit.

A few days after PayFit, French Tech welcomes a new unicorn with Ankorstore. Launched at the end of 2019, just before the Covid-19 pandemic upset the retail industry, the French start-up has just completed a round of funding in series C of 250 million euros led by Bond and Tiger Global Management. The Eurazeo, Coatue, Index Ventures, Bain Capital Ventures, Global Founders Capital (GFC), Alven and Aglaé Ventures funds also participated in the transaction, which allows the company to see its valuation reach 1.75 billion euros. Ankorstore had already raised 84 million in May 2021.

Founded by Pierre-Louis Lacoste, Nicolas d’Audiffret, Nicolas Cohen and Mathieu Alengrin, the company has developed a “wholesale” marketplace that connects 200,000 independent traders with 15,000 trendy French and European brands. Ankorstore claims to have recorded 2.5 million connections since its creation. The start-up also indicates that its sales volumes increased by 950% between 2020 and 2021, while more than 11,000 brands joined the platform during this period. Present in 23 European countries, Ankorstore plans to continue its international expansion with the opening of offices in Italy and Spain in the coming months.

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