The funding round values the company at more than $1 billion. Sprinklr has raised $123.5 million to date.
Massive holiday sales catapult ChannelAdvisor over the milestone.
Research Triangle Park, NC – December 13, 2010 – ChannelAdvisor, a software and services solution provider that enables online retailers to sell more across e-commerce channels, announced today that it has sold more than 10 million products on Amazon, with 60 percent of those sales occurring in 2010.
“Amazon has been on an explosive growth trajectory this year and especially this holiday season, often doubling some of our largest sales days from 2009,” said Scot Wingo, CEO of ChannelAdvisor. “Reaching 10 million items sold on Amazon was a landmark achievement for us and for our customers. At the rate we’re growing with total sales on Amazon up by 135 percent year over year, we’re optimistic that another sales milestone is just around the corner.”
The official 10-millionth product was the eBags Mother Lode TLS Mini 21" Wheeled Duffel in Pitch Black. This year eBags experienced incredible growth of more than100 percent on Amazon during the Cyber Five, the five days from Thanksgiving through Cyber Monday; a figure that is even more impressive considering that eBags didn’t begin selling on Amazon through ChannelAdvisor until two months ago.
“Ten million products sold is quite an accomplishment for ChannelAdvisor,” said eBags Senior Vice President Peter Cobb. “ChannelAdvisor’s team worked hard to get eBags ramped up and active on Amazon before the holiday season, and clearly that strategy has paid off. Next I’d like to see eBags alone sell 10 million products through Amazon!”
So far this year ChannelAdvisor reported that same-store sales, which include customers active with ChannelAdvisor for at least one year, for Amazon were up 82.3 percent on Black Friday and a striking 98.1 percent on Cyber Monday.
“The holiday season is still in full swing, and I expect Amazon to continue to lead the pack as we finish up the year,” continued Wingo.
ChannelAdvisor is a software provider that helps retailers worldwide sell more online through channels such as marketplaces, paid search and comparison shopping, and with webstores and rich media solutions. Widely respected as the essential partner in e-commerce, ChannelAdvisor is the only company that calms the chaos of online selling by enabling retailers to submit one inventory feed to the ChannelAdvisor platform where it is translated to fit the specifications of e-commerce channels and distributed accordingly. The robust reporting capabilities of the ChannelAdvisor platform allow retailers to track their progress across e-commerce channels to make immediately actionable, performance-based decisions. For retailers of all levels of expertise, ChannelAdvisor’s industry-certified services team offers expert advice and custom service packages. In 2009, ChannelAdvisor managed $2.6 billion in gross merchandise value (GMV) on behalf of retailers of all sizes including Saks, Dell, Brookstone, GSI Commerce and 129 of the Internet Retailer Top 500 online retailers. ChannelAdvisor is headquartered in Research Triangle Park, NC with offices in Atlanta, New York, Seattle, Australia, Ireland, Germany and the United Kingdom. For further information, visit www.channeladvisor.com.