Paris-based DJUST, a B2B e-commerce SaaS platform, announced on Monday, June 12, that it has raised €12M in a Series A funding round led by New Enterprise Associates, Inc. (NEA), with additional participation from Elaia Partners.
With the latest capital injection, DJUST says it plans to expand into markets across Europe, the UK, and the US. It will also invest more aggressively in developing solutions for its core product.
“The B2B eCommerce journey has been upended over the past decade. Behaviours and expectations on both the buyer and seller end have significantly changed the way B2B companies need to acquire, convert, retain, and expand customers. Yet many B2B companies are left to deal with these shifts on their own, supported only by outdated solutions that don’t fit their current needs,” says Arnaud Rihiant, Founder and CEO, DJUST.
“We want to free all businesses of the hassle of building, launching, and running B2B commerce. That will happen when companies stop making small adjustments to outdated systems and instead embrace an integrated, modular and powerful platform. In turn, that future-proofs new growth opportunities and excellent customer service,” says Rihiant.
DJUST: Helping buyers & sellers have frictionless experiences
Arnaud Rihiant, alongside co-founders Alexis Delplanque (Co-founder and Head of Sales) and Eric Gaudin (Co-founder and Head of Technology), launched DJUST with €4M in seed funding from European investor Elaia in 2020.
The platform enables leading Distributors, Retailers, and Manufacturers to eliminate system silos, digitise manual processes, and uncover new growth opportunities.
The platform supports all B2B scenarios such as online catalogues, B2B eCommerce, eProcurement, and Marketplace connectors.
The company offers powerful customisation on the front end, with drag-and-drop functionalities and data syncing of old and new channels, enabling shifts and adaptations for new markets and buyers.
Backed by a network of partners, DJUST offers a human-sized company with more than 40 digital B2B commerce experts across Europe.
Over the past year, DJUST has doubled its headcount from 20 to 40+ employees. It has also more than doubled its annual recurring revenue through more than 15 new deals across Europe.
The investor
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies.
The VC invests in technology and healthcare companies at all stages of a company’s lifecycle, from seed through IPO.
“DJUST’s simple yet powerful technology is an ideal match for today’s B2B businesses. This is whether they’re building their own eCommerce platform, working with suppliers, simplifying their procurement processes, or increasing the effectiveness of their sales operation,” said Philip Chopin, Managing Director, NEA UK.
“The company’s rapid growth and ability to quickly demonstrate value for customers across different industries like retail, construction, fashion, and pharmaceuticals give us confidence that they can scale sustainably over the long term,” says Chopin.
Read the orginal article: https://siliconcanals.com/news/startups/paris-saas-firm-djust-bags-12m/
