plentysystems AG, a provider of an e-commerce ERP platform PlentyONE, raised a strategic funding from PSG Equity.
The financial details of the transaction were not disclosed.
plentysystems AG is a Germany-based software company that developed PlentyONE, an e-commerce ERP platform. PlentyONE covers the entire value chain of e-commerce, integrating technology, strategy, and consulting to empower ambitious brands and retailers for online success. The platform offers seamless integration with over 150 marketplaces, enabling businesses to efficiently manage sales processes across multiple channels.
In 2023, PlentyONE processed over 116 million orders, facilitating a gross merchandise volume (GMV) of more than €9.8 billion.
With fresh funds, intends to accelerate its product development and efforts manin in European nations.
Founded in 2014, PSG Equity has backed more than 130 companies and facilitated over 470 add-on acquisitions. The investment firm operates out of offices in Boston, Kansas City, London, Madrid, Paris, and Tel Aviv.