Business & Finance
Levanta raises $22 million to expand creator commerce platform
The startup plans to expand beyond Amazon, Walmart, and Shopify into international markets and additional retail platforms.
The short version
- Creator commerce platform Levanta raised $22 million in a Series B funding round led by Volition Capital, bringing its total funding to $43 million.
- The company connects retail marketplace sellers with more than 90,000 creators who post promotional content in exchange for affiliate sales commissions.
- Levanta plans to use the capital to expand into international markets such as Europe and integrate with additional retail marketplaces beyond Amazon, Walmart, and Shopify.
Key facts
- Levanta secured $22 million in a Series B funding round led by growth-equity firm Volition Capital, with participation from Long Run Capital.[Business Insider]
- The new funding brings Levanta's total capital raised to $43 million.[Business Insider]
- Levanta's network currently includes over 90,000 vetted creators providing affiliate marketing for retail sellers.[Business Insider]
- According to CEO Ian Brodie, Levanta has just over 100 employees and has operated at a break-even or profitable level annually since its launch.[Business Insider]
Sources
- The latest sign of influencer commerce heating up: Levanta just raised $22 millionBusiness Insider metered