Merchantry
An e-commerce, SaaS-based solution for retailers to streamline and scale their marketplaces and supplier relationships.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
$30.0m | Acquisition | ||
| Total Funding | 000k | ||
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Merchantry, founded in 2004 by Rick Watson, emerged to address a critical inefficiency in the burgeoning e-commerce sector. The company provides a cloud-based platform designed to streamline the management of product information for large online retailers that operate with numerous third-party vendors. This focus positions Merchantry within the product information management (PIM) and e-commerce marketplace software market, targeting enterprise-level retailers. The core of its business model is a software-as-a-service (SaaS) subscription, where clients pay for access to the platform that automates the complex process of onboarding new vendors and managing their product catalogs.
The platform's key offering is its ability to enable retailers to expand their online product assortment without a proportional increase in manual labor. It accomplishes this through a simplified 4-step wizard that allows even vendors with limited technical expertise to upload and manage their product data efficiently. This system serves as a central hub, connecting suppliers' data with the retailer's e-commerce front-end, thereby accelerating the time-to-market for new products and vendors. By facilitating a quicker and more scalable vendor onboarding process, Merchantry helps its retail clients enhance their competitive positioning by offering a wider selection of goods.
A significant milestone in the company's trajectory occurred in May 2015 when it was acquired by Tradeshift, a prominent business-to-business network and platform for supply chain payments and marketplaces. This acquisition integrated Merchantry's vendor and product information management capabilities into Tradeshift's broader suite of services, aiming to create a comprehensive solution for supply chain and e-commerce operations. Before its acquisition, Merchantry had established a notable client base, including major retailers like Marks & Spencer, further validating its market position and the effectiveness of its solution in a real-world, high-volume retail environment.
Keywords: product information management, PIM, multi-vendor ecommerce, retail software, SaaS, vendor onboarding, ecommerce marketplace, supply chain automation, catalog management, Tradeshift