Shopware Raises $100M funding round from PayPal and Carlyle

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Shopware, which provides a set of open source tools to power online shopping experiences for some 100,000 mid-sized and larger brands, is announcing $100 million in funding to capture the opportunity.

“This funding will help us supercharge our international growth – enabling Shopware to capture the significant opportunities ahead of us,” said Stefan Hamann, co-CEO of Shopware, in a statement.

“As a business, we are proud to have been profitable from day one, and are excited to work closely alongside Carlyle and PayPal to build on Shopware’s positioning in the long term.”

Shopware is not disclosing its valuation but notes that Carlyle and PayPal are coming on as minority investors.

Sebastian and Stefan Hamann the brothers who co-founded Shopware in the modest (population: around 7,000) town of Schöppingen in the north west of Germany near the Dutch border — will retain a significant majority stake in Shopware, the company said in a statement. They will also stay on as co-CEOs.

Shopware’s sweet spot up to now has been serving mid-market companies and brands that are not necessarily digitally-native businesses but very much have had to take on digital channels to keep up with the times and how consumers discover and shop for goods and services today.

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This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy. u201cThis funding will help us supercharge our international growth u2013 enabling Shopware to capture the significant opportunities ahead of us,u201d said Stefan Hamann, co-CEO of Shopware, in a statement. rn

u201cAs a business, we are proud to have been profitable from day one, and are excited to work closely alongside Carlyle and PayPal to build on Shopwareu2019s positioning in the long term.u201drnrnrnrn

Shopware is not disclosing its valuation but notes that Carlyle and PayPal are coming on as minority investors. rn

Sebastian and Stefan Hamann the brothers who co-founded Shopware in the modest (population: around 7,000) town of Schou0308ppingen in the north west of Germany near the Dutch border u2014 will retain a significant majority stake in Shopware, the company said in a statement. They will also stay on as co-CEOs.rnrnrnrn

Shopwareu2019s sweet spot up to now has been serving mid-market companies and brands that are not necessarily digitally-native businesses but very much have had to take on digital channels to keep up with the times and how consumers discover and shop for goods and services today.rnrnrn rn