Brink Commerce Secures Major Funding, Eyes European Expansion in Upcoming Year

December 20, 2023
Company news
Brink Commerce Secures Major Funding, Eyes European Expansion in Upcoming Year

With new investments and a growing customer base, Brink Commerce sets its sights on European markets, bolstering its position in the e-commerce industry.

In a significant move towards its ambitious growth plans, Brink Commerce, a leading player in the e-commerce platform sector, has announced a substantial influx of funding, exceeding 20 million SEK. This financial boost marks a pivotal moment for the company as it prepares to expand its reach into key European markets.

Strategic Investments for Growth

The fresh capital is led by Forward, a venture capital firm from the Netherlands, and Daniel Johnsson of Quiq. This investment underscores the confidence in Brink's growth trajectory and its potential in the e-commerce industry.

Kristian Tysander, CEO at Brink, highlights the company's ambitions: "Our goal is to continue the growth journey and make the company ready for international expansion."

The company's recurring revenue has seen an impressive increase of over 250% in the past two years, with projections showing a continued growth trajectory, particularly in the Nordic market.

Brink's focus on existing customers and strategic marketing has paid off, with the company nearing its goal of positive cash flow in the Nordic region. Plans are in place to achieve this milestone in 2024.

Eyeing New Markets and Celebrating New Partnerships

While Brink has its roots firmly in the Nordics, the company is now setting its sights on expanding into Poland, the Netherlands, and the United Kingdom.

A testament to Brink's growing influence is its latest partnership with Nelly, a pioneer in Swedish e-commerce. Nelly will launch new versions of its website and app, developed on Brink's platform, showcasing its capability to cater to large-scale e-commerce needs.

As Brink prepares for its next growth phase, the company remains committed to driving innovation in the e-commerce space. Brink Commerce is poised to significantly impact the European e-commerce landscape with a growing list of clients and a solid financial foundation.

About Brink Commerce

Founded in 2020 by Kristian Tysander, Marcus Ljungberg, and Patrik Antonsson, Brink Commerce offers a Composable Commerce API for mid to large enterprises seeking increased innovation and flexibility while expecting reliability and performance. The product has proven its strength and flexibility with customers worldwide, setting a new standard for building Composable Commerce ecosystems. Brink Commerce is a certified member of the MACH Alliance.

More Information

For more information or media querys, please contact Petter Johansson, CMO

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