Orckestra Raises $8 Million Series A to Commercialize Enterprise Commerce Platform
Orckestra has completed a Series A round of financing with Fondaction CSN, W Investments, and Fonds de solidarité FTQ.
The funds, pegged at $8 million, will be used to sustain the expansion of Orckestra’s global sales capabilities, as well as their accelerated partner channels, and to reinforce continued global marketing efforts and R&D for both Overture Commerce and Overture Product Data Management.
“Our team has invested a lot of time and expertise in building a one-of-a-kind solution that will revolutionize omni-channel commerce in the Digital Age,” stated Louis Fournier, CEO of Orckestra. “There is an immense gap to be filled, and that is exactly what we are doing with Overture.”
“This round of financing will ensure we continue to deliver on our mission to provide best-in-class products and solutions that help large organizations adapt, perform and innovate,” he added.
“We support companies that have proven, state-of-the-art technology and a forward-thinking mindset with strong potential for growth,” explained Nicolas Belanger, Managing Partner and co-founder of W Investments. “We believe Overture is a ground-breaking platform, and Commerce OrchestrationTM is a real game-changer compared to the older, more traditional approaches on the market.”
Orckestra has been demonstrating their potential for growth in the past several years, and was recently awarded the PROFIT 500 Export Excellence Award for their impressive 3,056% five-year revenue growth in exports thanks to their expansion into the US.
“The pace at which we are growing is incredible,” says Orckestra’s Executive Vice-President, Vincent Trepanier. “Orckestra is built on a foundation of commerce industry experts who know what is needed, not just right now but looking ahead. Our solutions help them adapt rapidly and empower them to get ahead, and safeguard their investment with smart, agile and scalable commerce technology.”
