Funding, Acquisition, Customers and Partnerships Fuel Scalefast Growth in 2020

Digital commerce solution continues business momentum with new hires and industry accolades

Scalefast, a Los Angeles-based digital commerce solution that is changing the way brands do direct-to-consumer (DTC) eCommerce, released a look into its continued business momentum and growth during 2020.

Since launching in 2014, Scalefast has steadily grown year over year and its use by customers around the world has allowed the company to continuously grow the team and expand its footprint. In 2020 alone, Scalefast saw nearly 100 percent growth in employees.

Scalefast’s business growth was further demonstrated by securing new partnerships and customers last year, including industry leaders Tile, Logitech, Salvatore Ferragamo and L’Oréal, who added social selling and Employee, Family & Friends stores to their portfolio.

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Having closed a $22M Series B funding round in June, Scalefast doubled down on its commerce capabilities and offerings, especially in light of the COVID-19 pandemic. As a result, its oversubscribed Series B round was extended from its original $22M to over $30M, with additional investments from eCommerce industry veterans Russ Jones, former Chief Financial Officer of Shopify, and Fabrice Grinda, former CEO of OLX.

Scalefast also announced the acquisition of Air360’s team and technology in October. The acquisition further empowered Scalefast clients to get the most out of their DTC eCommerce strategy by understanding customer behaviors with an unmatched level of granularity, while also giving them actionable insights to optimize their customer experience and reduce friction.

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“The accomplishments and successes we saw in 2020 – especially given the current COVID-19 pandemic – are a testament not only to our dedicated team here at Scalefast, but also to our commitment to providing effective, turnkey solutions to established and fast-growing brands that need it most,” said Nicolas Stehlé, CEO and founder of Scalefast. “With this momentum, we are able to further propel our mission of providing scalable, flawless direct-to-consumer eCommerce experiences worldwide.”

Additionally, it was announced that Scalefast was also recognized in the Inc. 5000 list as one of the fastest growing companies for the third year in a row and named to Deloitte’s 2020 Technology Fast 500 List for the second time – further proof of Scalefast’s robust growth, strategic partnerships and successful management across the globe. Scalefast also welcomed Nicolas Chaumartin as Chief Revenue Officer in early September and recently added Scott Wagner, former Chief Executive Officer of GoDaddy, to the company’s board of directors.

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