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- Salsify
Salsify Acquisition, Valuation, Funding & Investors
Salsify was acquired by Cinven in July 2026.
Salsify acquisition price
Undisclosed
Acquired by Cinven · Jul 2026
Salsify revenue at acquisition
$111M
Last twelve months · Jul 2026
Cumulative funding Salsify raised
$453M
across 6 funding rounds
Key investors in Salsify
Matrix Partners
Venrock
Underscore VC
North Bridge Venture Partners & Growth Equity
Greenspring Associates
TPG
About Salsify
Salsify is a Boston-headquartered commerce experience management platform launched in 2012. Brands use it to manage product information across 2,500 retailer sites including Amazon, Walmart, and Target, with tools for digital asset management, syndication, and analytics. The Product Experience Management suite handles PIM, DAM, and listings optimization, supporting marketplaces and DTC channels. Backed by Warburg Pincus, it serves clients like Procter & Gamble and Clorox, ensuring consistent content in 40 languages.
Founded
2012
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$111M (Apr 2022)
Valuation
$2B (Apr 2022)
Salsify Acquisition
Salsify was acquired by Cinven for an undisclosed price on 21 July 2026.
Before the acquisition Salsify had raised $453M across 6 funding rounds.
Cinven agreed on July 22, 2026 to acquire Salsify, Inc., a cloud-native Product Experience Management software provider, in a transaction whose financial terms were not disclosed. The deal is pending regulatory approvals and customary closing conditions. Salsify had previously raised $200 million in April 2022 in a TPG-led investment that valued the company at about $2 billion. Cinven’s rationale appears tied to Salsify’s scale in digital commerce infrastructure: the company supports more than 2,000 customers and publishes roughly 750 million product records across thousands of commerce destinations. Salsify also said it had reached $111 million in ARR, up 53% year over year, and grown its customer base by 36%. The acquisition follows a prior growth-equity ownership structure that included TPG as a lead investor. Salsify is headquartered in Boston and operates in product experience management software for brands and retailers, helping manage and distribute product content across commerce channels. The company’s disclosed operating scale includes its customer base, product-record volume, and ARR growth metrics, which position it as a meaningful platform in e-commerce software.
| Acquirer | Date | Type |
|---|---|---|
| 21 Jul 2026 | PE buyout |
Salsify Valuation
Salsify is currently valued at $2B, based on its Series F in April 2022.
The $200M round was led by TPG, with participation from Permira, Neuberger Berman, CrossWork.us and Cap Table Coalition.
Salsify's valuation has grown 111x from $18M at its Series A in September 2013 to $2B in April 2022, across 2 priced rounds.
Salsify valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2022 | Series F | $2B | 18.0x |
| Sep 2013 | Series A | $18M | - |
Salsify Revenue
Salsify's latest recorded revenue is $111M, as of its Series F in April 2022. At a $2B valuation, that implies a 18.0x revenue multiple.
Salsify revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2022 | $111M | $2B | 18.0x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Salsify Funding History
Salsify has raised a total of $453M across 6 funding rounds.
Salsify's first fundraising round was a $8M Series A in September 2013. The most recent completed round was a $200M Series F in April 2022.
Salsify funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series F | TPG (lead); Permira; Neuberger Berman; CrossWork.us; Cap Table Coalition | $200M | $2B | Salsify is a Commerce Experience Management (CommerceXM) platform that empowers brand manufacturers, distributors, and retailers to win on the digital shelf by managing product data for digital commerce experiences. On April 13, 2022, the Boston-based company closed a $200 million Series F funding round led by TPG, with participation from Permira’s Growth Opportunities Fund, Neuberger Berman Funds, and Cap Table Coalition, bringing its post-money valuation to $2 billion and total funding raised to over $450 million following the prior $155 million Series E in 2020. The investment through TPG's Tech Adjacencies fund aims to fuel aggressive product innovation, global expansion beyond existing markets in the US, France, UK, Portugal, and Australia, and solidify Salsify as the global system of record for digital commerce with product data at its core. Arun Agarwal from TPG will join as a Board Observer. The funding supports optimization of shopping experiences amid shifting consumer behavior toward digital and omnichannel channels. Salsify demonstrated strong traction with $111 million in ARR in 2021, nearly 10 million new product uploads to its ProductXM platform, and over 5 million unique product pages activated. It has achieved net dollar retention rates exceeding 115% for consecutive years, best-in-class for enterprise SaaS, and leads in product information management per Forrester, IDC, and Ventana, with the highest industry Net Promoter Score (NPS). |
| Sep 2020 | Series E | Warburg Pincus (lead); Greenspring Associates; Matrix Partners; Venrock; Underscore VC | $155M | - | Salsify is a commerce experience management (CommerceXM) platform that helps brands, manufacturers, distributors, and retailers optimize their product presentations and sales across digital channels. The platform enables companies to track product inventories, manage product descriptions and sales across online and offline locations, and conduct analytics to inform strategy. Major customers include Mars, L'Oréal, Coca-Cola, Bosch, and GSK. On September 23, 2020, Salsify closed a $155 million Series E financing round led by growth-stage investor Warburg Pincus, with participation from Matrix Partners, Underscore VC, Venrock, and Greenspring Associates. This brought total funding to $198.1 million at the time of the Series E announcement. The round was designated for accelerating product development of the commerce experience management platform and scaling international growth investments, including overseas sales, marketing, and business development efforts. The company demonstrated strong enterprise SaaS metrics, achieving net dollar retention rates exceeding 115% in consecutive years. Salsify later closed a $200 million Series F round in April 2022 led by TPG at a $2 billion valuation, with participation from Permira's Growth Opportunities Fund, Neuberger Berman Funds, and Cap Table Coalition, bringing cumulative funding to over $450 million. |
| Aug 2018 | Series D | Greenspring Associates (lead); Four Rivers Group; Matrix Partners; Venrock; Underscore VC; North Bridge Venture Partners & Growth Equity | $43M | - | Salsify, a Boston-based product experience management (PXM) platform, enables brands to deliver compelling shopping experiences across digital touchpoints for customers like Anheuser-Busch, Michelin, and Asics. On August 7, 2018, it raised $43 million in Series D funding led by Greenspring Associates, with participation from Matrix Partners, Venrock, Underscore VC, and North Bridge Venture Partners, bringing total funding to approximately $98 million since 2012. The funds were allocated to accelerate R&D—where Salsify invested about 40% of its revenue in the first half of 2018—expand globally, grow the partner ecosystem, and scale the Boston team. Founded by Endeca alumni, Salsify helps brand manufacturers manage product information, photos, specs, and analytics to sell via e-commerce sites like Amazon and Walmart. The 2018 round supported an aggressive product roadmap amid rising digital commerce, with CEO Jason Purcell emphasizing building for public company scale in a market projected to influence 58% of retail sales by 2022. New 2018 customers highlighted momentum in navigating modern commerce challenges. The investment aligned with Salsify's global customer growth and plans for international office expansion in the latter half of 2018. |
| Jan 2017 | Series C | Underscore VC (lead); Northbridge Investments and Trust Limited; Matrix Partners; Venrock | $30M | - | Salsify is a product content management (PCM) platform for distributed commerce based in Boston, founded in late 2012. The company's SaaS-based platform enables brands and retailers to create, manage, and syndicate product content across digital commerce ecosystems, transforming product information management into a competitive advantage. In January 2017, Salsify closed a $30 million Series C funding round led by Underscore.VC, with participation from existing investors Venrock, Matrix Partners, and North Bridge Venture Partners. This brought total funding to $54.6 million. The company demonstrated strong momentum heading into the round, with revenue growing more than 330 percent in 2016 compared to 2015, and had expanded its team to over 120 employees in its downtown Boston headquarters. Salsify's customer base included Fortune 500 companies and major retailers such as Walmart, Google, Wayfair, Jet, and Overstock. The funding was designated to advance product development, scale the go-to-market strategy, and support hiring of 80 new positions in 2017. |
| Jul 2015 | Series B | Venrock (lead); Matrix Partners; North Bridge Venture Partners & Growth Equity | $17M | - | Salsify is a Boston-based SaaS platform that powers the creation and exchange of rich product content between brand manufacturers and retail partners for over four million products. The company raised $16.6 million in Series B funding on July 7, 2015, led by Venrock with participation from existing investors Matrix Partners and North Bridge Venture Partners, as well as Michael Skok. This round brought Salsify's total funding to $24.6 million. The proceeds were intended for product development, corporate growth, and delivering value to its customer base. Mike Tyrrell, partner at Venrock, highlighted Salsify's potential to improve data quality and transform online shopping experiences. |
| Sep 2013 | Series A | Matrix Partners (lead); North Bridge Venture Partners & Growth Equity (lead) | $8M | $18M | Salsify raised $8 million in a Series A funding round on September 12, 2013, from Matrix Partners and North Bridge Venture Partners. The post-money valuation was $18.45 million. Salsify develops a global network for product content management. Matrix Partners focuses on early-stage investments with offices in multiple locations including Cambridge, MA, and Palo Alto, CA. North Bridge Venture Partners, established in 1994, has funded over 170 early-stage companies and managed $3.2 billion in capital at the time. |
Who has invested in Salsify?
13 investors have backed Salsify across its funding rounds, including Matrix Partners, Venrock, Underscore VC, North Bridge Venture Partners & Growth Equity, Greenspring Associates and TPG.
Lead investors include TPG, Warburg Pincus, Greenspring Associates, Underscore VC, Venrock and 2 other investors.
Salsify Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Sep 2013 | ||
| 4 | Lead | Jul 2015 | ||
| 3 | Lead | Jan 2017 | ||
| 3 | Lead | Sep 2013 | ||
| 2 | Lead | Aug 2018 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Lead | Sep 2020 | ||
| 1 | Lead | Apr 2022 | ||
This data is available for Pro users. Sign up to see all 13 Salsify investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Salsify
Salsify has acquired 4 companies to date.
Last acquisition by Salsify was on October 20th 2021. Salsify acquired SKUVantage.com.au for undisclosed valuation.
Latest Acquisitions by Salsify
| Description | SKUVantage.com.au is Australia's premier product photography and content agency serving retailers nationwide from its Sydney headquarters. Established in 2012, the company produces high-volume imagery and 360-degree views for major chains such as Coles, Myer, Michael Hill, and Spotlight. With decades of experience catering to eCommerce demands, SKUVantage delivers studio shoots, video content, and packshots optimized for online platforms, supporting suppliers in enhancing product visibility across Australian marketplaces. | Alkemics is a Paris-headquartered platform connecting consumer packaged goods manufacturers and retailers to streamline product collaboration. The service accelerates product listings, reduces data errors, matches supply-demand for millions of annual launches, and supports omnichannel shopping experiences through efficient data sharing and commercial matchmaking. | B2X Partners is a London-headquartered B2B eCommerce advisory firm founded in 2016 specializing in strategies for distributors and manufacturers. It provides market analysis, platform selection, and implementation services for marketplaces like Amazon Business and Alibaba. Serving 150 clients globally including Siemens and Ingram Micro, B2X reports €20 million in client revenue growth from its projects annually. The firm publishes quarterly eCommerce benchmarks covering 500 suppliers. | Welcome is a platform delivering real-time product expertise to shoppers for retailers and brands. The solution connects consumers with specialists via chat during browsing, boosting conversion rates by factors of two to four. Clients encompass major U.S. retailers alongside AT&T, Dyson, Google, HP, LG, Nintendo, and Samsung. Welcome earned the TSIA Vision Award in 2012, Eggie Award for Best Marketing Platform in 2014, and Eggie Award for Best Brand Support Solution in 2016. |
| HQ Country | ||||
| HQ City | Sydney | Paris | Denver, CO | New York City, NY |
| Deal Date | 20 Oct 2021 | 18 May 2021 | 1 Oct 2019 | 8 Nov 2018 |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all Salsify acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Salsify Competitors
Salsify competitors include listed companies like Xinhua Winshare and GigaCloud Technology, and private ones like Framer, commercetools, Bloomreach and NuCom Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $50M | - | $2B | 40.0x | ||
| Publicly listed | $1.7B | $248M | $1.9B | 0.4x | ||
| Private | $150M | - | $1.9B | 12.7x | ||
| Publicly listed | $1.3B | $158M | $1.9B | 1.4x | ||
| Private | $150M | - | $2.2B | 14.7x | ||
| Private | - | - | $2.2B | - |
Salsify Public Comps
Salsify is no longer listed, but its public comps include Xinhua Winshare, GigaCloud Technology, Infomart, Lightspeed Commerce, Rezolve AI, Shiprocket, Hangzhou Raycloud Tech, ODDITY Tech, Wix.com and GoDaddy.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.7B | $248M | 0.4x | 0.4x | 2.9x | 3.4x | |||
| $1.3B | $158M | 1.6x | 1.4x | 12.8x | 10.6x | |||
| $121M | $31M | 9.3x | 8.6x | 35.9x | 31.7x | |||
| $1.2B | ($13M) | 0.7x | 0.7x | (65.4x) | 11.0x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $211M | ($7M) | 4.3x | - | (131.1x) | - | |||
| $84M | $719K | 10.6x | 9.8x | 1238.3x | - | |||
| $810M | $131M | 1.5x | 1.8x | 9.6x | 18.3x | |||
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Common questions about Salsify
| When was Salsify founded? | Salsify was founded in 2012. |
| Where is Salsify headquartered? | Salsify is headquartered in Boston, MA, United States. |
| Is Salsify publicly listed? | No, Salsify was acquired by Cinven in July 2026. |
| Who acquired Salsify? | Salsify was acquired by Cinven in July 2026. |
| What is Salsify's valuation? | Salsify was last valued at $2B in its Series F in April 2022. |
| How much funding has Salsify raised? | Salsify has raised $453M across 6 funding rounds. |
| What was Salsify's last funding round? | Salsify's last funding round was a $200M Series F in April 2022, led by TPG. |
| Who are Salsify's investors? | Salsify's investors include Matrix Partners, Venrock, Underscore VC, North Bridge Venture Partners & Growth Equity, Greenspring Associates, Permira, Four Rivers Group, Neuberger Berman, Northbridge Investments and Trust Limited, Warburg Pincus and 3 others. |
| What is Salsify's revenue? | Salsify's latest recorded revenue is $111M (April 2022). |
| What is Salsify's revenue multiple? | Salsify's latest valuation implies a 18.0x revenue multiple ($2B valuation on $111M of revenue). |
| Which companies are comparable to Salsify? | Companies comparable to Salsify include Framer, Xinhua Winshare, commercetools, GigaCloud Technology, Bloomreach and NuCom Group. |
| How many companies has Salsify acquired? | Salsify has acquired 4 companies, including SKUVantage.com.au, Alkemics, B2X Partners and Welcome. |
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