{"id":25885,"date":"2021-08-22T11:54:01","date_gmt":"2021-08-22T11:54:01","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/tiger-global-backs-nacelle-with-50m-for-its-e-commerce-infrastructure.html"},"modified":"2021-08-22T11:54:01","modified_gmt":"2021-08-22T11:54:01","slug":"tiger-global-backs-nacelle-with-50m-for-its-e-commerce-infrastructure","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/tiger-global-backs-nacelle-with-50m-for-its-e-commerce-infrastructure.html","title":{"rendered":"Tiger Global backs Nacelle with $50M for its e-commerce infrastructure"},"content":{"rendered":"<p id=\"speakable-summary\">Consumer shift to buying online during the global pandemic \u2014 and keeping that habit \u2014 continues to boost revenue for makers of developer tools that help e-commerce sites provide better shopping experiences.<\/p>\n<p>LA-based <a href=\"javascript:void(0)\">Nacelle<\/a> is one of the e-commerce infrastructure companies continuing to attract investor attention, and at a speedy clip, too. It closed on a $50 million Series B round from Tiger Global. This is just six months after its <a href=\"javascript:void(0)\">$18 million Series A<\/a> round, led by Inovia, and follows a $4.8 million seed round in 2020.<\/p>\n<p>The company is working in \u201cheadless\u201d commerce, which means it is disconnecting the front end of a website, a.k.a. the storefront, from the back end, where all of the data lives, to create a better shopping experience, CEO Brian Anderson told TechCrunch. By doing this, the back end of the store, essentially where all the magic happens, can be updated and maintained without changing the front end.<\/p>\n<p>\u201cOnline shopping is not new, but how the customer relates to it keeps changing,\u201d he said. \u201cThe technology for online shopping is not up to snuff \u2014 when you click on something, everything has to reload compared to an app like Instagram.\u201d<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"uZYi451zY7\">\n<p><a href=\"javascript:void(0)\">Nacelle raises $4.8M for its headless e-commerce platform<\/a><\/p>\n<\/blockquote>\n<p \/>\n<p>More people shopping on their mobile devices creates friction due to downloading an app for each brand. That is \u201csucking the fun out of shopping online,\u201d because no one wants that many apps on their phone, Anderson added.<\/p>\n<p>Steven Kramer, board member and former EVP of Hybris, said via email that over the past two decades, the e-commerce industry went through several waves of innovation. Now, maturing consumer behaviors and expectations are accelerating the current phase.<\/p>\n<p>\u201cRetailers and brands are struggling with adopting the latest technologies to meet today\u2019s requirements of agility, speed and user experience,\u201d Kramer added. \u201cNacelle gives organizations a future-proof way to accelerate their innovation, leverage existing investments and do so with material ROI.\u201d<\/p>\n<p>Data already shows that <a href=\"javascript:void(0)\">COVID-era trends accelerated e-commerce by roughly five years<\/a>, and Gartner predicts that <a href=\"javascript:void(0)\">50% of new commerce capabilities will be incorporated as API-centric SaaS services<\/a> by 2023.<\/p>\n<p>Those kinds of trends are bringing in competitors that are also attracting investor attention \u2014 for example, <a href=\"javascript:void(0)\">Shopistry<\/a>, <a href=\"javascript:void(0)\">Swell<\/a>, <a href=\"javascript:void(0)\">Fabric<\/a>, <a href=\"javascript:void(0)\">Commerce Layer<\/a> and <a href=\"javascript:void(0)\">Vue Storefront<\/a> are just a few of the companies that raised funding this year alone.<\/p>\n<p>Anderson notes that the market continues to be hot and one that can\u2019t be ignored, especially as the <a href=\"javascript:void(0)\">share of online retail sales grows<\/a>. He explained that some of his competitors force customers to migrate off of their current tech stack and onto their respective platforms so that their users can get a good customer experience. In contrast, Nacelle enables customers to keep their tech stack and put components together as they see fit.<\/p>\n<p>\u201cThat is painful in any vertical, but especially for e-commerce,\u201d he said. \u201cThat is your direct line to revenue.\u201d<\/p>\n<p>Meanwhile, Nacelle itself grew 690% in the past year in terms of revenue, and customers are signing multiyear contracts, Anderson said.<\/p>\n<p>Anderson, who is an engineer by trade, wants to sink his teeth into new products as adoption of headless commerce grows. These include providing a dynamic layer of functionality on top of the tech stack for storefronts that are traditionally static, and even introducing some livestream capabilities later this year.<\/p>\n<p>As such, Nacelle will invest the new round into its go-to-market strategy and expand its customer success, partner relations and product development. He said Nacelle is already \u201cthe de facto standard\u201d for Shopify Plus merchants going headless.<\/p>\n<p>\u201cWe want to put everything in a tailor-made API for e-commerce that lets front-end developers do their thing with ease,\u201d Anderson added. \u201cWe also offer starter kits for merchants as a starting point to get up-and-running.\u201d<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"6dwDg2LdtW\">\n<p><a href=\"javascript:void(0)\">4 views on the future of retail and the shopping experience<\/a><\/p>\n<\/blockquote>\n<p \/>\n<p>Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/Dc7ctW4QHHc\/<\/p>","protected":false},"excerpt":{"rendered":"<p>Consumer shift to buying online during the global pandemic \u2014 and keeping that habit \u2014 continues to boost revenue for makers of developer tools that help e-commerce sites provide better <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-25885","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.3 - aioseo.com -->\n\t<meta name=\"description\" content=\"Consumer shift to buying online during the global pandemic \u2014 and keeping that habit \u2014 continues to boost revenue for makers of developer tools that help e-commerce sites provide better shopping experiences. 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