Core Finance has advised Actera Group on its growth investment into Akinon, cloud-based headless commerce platform with an integrated next-generation application suite including omnichannel and marketplace capabilities, mobile and in-store solutions, and an OMS. Company raised $20m USD Series B round co-led by Actera Group and Revo Capital and Core Finance has also participated the round through its investment arm, Core Ventures.
Akinon provides a software-as-a-service digital commerce platform for enterprise brands and retailers. The platform is engineered as API-first, cloud-based headless commerce engine with an integrated next-generation application suite including omnichannel and marketplace capabilities, mobile, in-store solutions and best-in-class OMS. These solutions help retailers worldwide to connect the dots between retail channels offering their customers a truly holistic shopping experience. Headquartered in Istanbul, Akinon has been founded by prominent second-time founders Ahmet Emre Sarı, Tolga Tatari, Mumin Ozturk and Mustafa Yetis in 2016.
Akinon is one of the most technologically advanced platforms in the headless commerce sector and it's Commerce Cloud platform equips businesses with powerful and flexible solutions for operating omnichannel B2C, marketplace, or B2B commerce, and provides them with the tools to execute seamless commerce operations boosting revenues and eliminating the need to re-platform ever again. As the global pandemic have radically shifted how goods are bought and sold, ecommerce has evolved to meet the needs of the modern day customer. Thanks to Akinon’s scalable platform enabling bespoke frameworks for customization and supported by a deep ecosystem of 3rd party functionality, a record number of local and international enterprise brands are converting to Akinon for their commerce architecture, making the company one of fastest-growing commerce platforms. Akinon now powers a growing number of online storefronts for brands like LC Waikiki, Samsung, Lacoste, A101, GAP, Marks & Spencer, Sephora, Tumi and many more.
Yağız Sözmen, Managing Partner at Core Finance commented: “We are proud to have assisted Actera Group in a very promising next generation headless platform with the mission of disrupting the industry. We believe that with the product and management team Akinon has in place, the best is yet to come. We are still in the early stages of ecommerce penetration.”
This represents Core Finance's 10th transaction in the last 12 months and 5th in 2021 year to date.