ChannelAdvisor gets $30M more for e-commerce marketing
ChannelAdvisor, a company that lets online retailers manage product marketing across marketplaces such as eBay, Amazon.com, Overstock.com and a series of shopping comparison sites, has raised an additional $30 million in funding.
The company, base in Research Triangle Park, North Carolina, said New Enterprise Associates led the round with $23.5 invested. Existing investors Kodiak Venture Partners, Advanced Technology Ventures, Southern Capitol Ventures and eBay participated.
The company said it would expand offerings into new geographies and investigate acquisition opportunities. Additionally, Patrick Kerins, NEA General Partner, will join ChannelAdvisor’s board of directors.
The company has raised $66 million so far.
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