Spryker Revenue, Valuation, Funding & Investors

Spryker is valued at $500M as of December 2020, a 10.0x multiple on its last reported $50M revenue.

Last Spryker valuation

$500M

Series C · Dec 2020

Last Spryker funding round

Undisclosed stage

Amount undisclosed · Dec 2025

Spryker revenue

$50M

Series C · Dec 2020

Key investors in Spryker

  • Project A Ventures
  • One Peak
  • TCV
  • Cherry Ventures

Spryker Overview

About Spryker

Spryker is a headless commerce platform tailored for global enterprises handling B2B, B2C, and marketplace transactions. Adopted by over 150 companies across 200 countries, users include Toyota, Siemens, Hilti, and Ricoh. The Berlin-headquartered solution offers modular architecture for custom storefronts, order management, and payment integrations via spryker.com.


Founded

2014

HQ

GermanyBerlin

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$50M (Dec 2020)

Valuation

$500M (Dec 2020)

Spryker Valuation

Spryker is currently valued at $500M, based on its Series C in December 2020.

The $130M round was led by TCV, with participation from One Peak and Project A Ventures.

Spryker valuation by funding round

Spryker valuation by funding round
DateStageValuationRevenue Multiple
Dec 2020Series C$500M10.0x

Spryker Revenue

Spryker's latest recorded revenue is $50M, as of its Series C in December 2020. At a $500M valuation, that implies a 10.0x revenue multiple.

Spryker revenue by funding round

Spryker revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2020$50M$500M10.0xSeries C

* 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.

Spryker Funding History

Spryker has raised a total of $152M across 3 funding rounds.

Spryker's first fundraising round was a $22M Series B in February 2018. The most recent completed round was a undisclosed-stage round in December 2025.

Spryker funding rounds

Spryker funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2025Undisclosed stageOne Peak (lead); TCV (lead); Project A Ventures--Spryker, a leading commerce solution for enterprises building modern B2B, Marketplace, and Self-Service businesses, completed a new financing round on December 11, 2025, led by TCV and One Peak, with support from Project A. The investment aims to strengthen Spryker's focus on faster product innovation and profitable growth in Europe and global B2B commerce markets. Spryker enables organizations to digitize and connect customers, partners, and suppliers on a single platform through data-driven commerce and self-service capabilities. Spryker has been rated as a Visionary in the Gartner Magic Quadrant for Digital Commerce and recognized as a global leader in the 2025 Gartner Critical Capabilities report for Digital Commerce. The company is trusted by global enterprises including ALDI, Siemens Healthineers, International Motors, Scania, and Ricoh. One Peak's Co-Founder & Managing Partner David Klein highlighted Spryker's differentiated technology platform and strong commercial momentum in enterprise commerce, accelerated by AI.
Dec 2020Series CTCV (lead); One Peak; Project A Ventures$130M$500MSpryker, founded in 2014, provides a cloud-based, headless commerce platform-as-a-service for global enterprises, enabling B2B, B2C, and marketplace transactional business models with modular packaged business capabilities. It supports sophisticated use cases like IoT commerce, subscriptions, and click & collect, serving over 150 customers including Ricoh, Siemens, Toyota, Metro, and Aldi Süd. Recognized as the most innovative vendor in the 2020 Gartner Magic Quadrant for Digital Commerce and a major B2B player by IDC, Spryker accelerates deployment and time-to-value for composable enterprises. On December 17, 2020, Spryker raised over $130 million in a Series C round led by TCV, with participation from existing investors One Peak and Project A Ventures. The funding values the company at more than $500 million post-money, positioning it among the fastest-growing enterprise commerce software firms. Proceeds will expand B2B and Enterprise Marketplace products, launch a third-party AppStore, grow the U.S. market (already 10% of revenue), and scale global talent for innovation. At the time, Spryker generated annual revenue in the mid-eight figures, approximately $50 million, within a $7 billion digital commerce software market. The U.S. expansion targets further revenue growth amid rapid adoption by industries like manufacturing, food & beverages, and services shifting to cloud-native commerce. The round closed ahead of schedule on strong terms, reflecting product-market fit and investor confidence in Spryker's global leadership potential.
Feb 2018Series BOne Peak (lead); Project A Ventures; Cherry Ventures$22M--

Who has invested in Spryker?

4 investors have backed Spryker across its funding rounds, including Project A Ventures, One Peak, TCV and Cherry Ventures.

Lead investors include One Peak and TCV.


Spryker Investors

Investors in Spryker by funding rounds participated
InvestorHQRoundsRoleFirst check
One PeakUnited KingdomLondon3LeadFeb 2018
Project A VenturesGermanyBerlin3ParticipantFeb 2018

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Investments by Spryker

Spryker has invested in 1 company to date.

Latest investment by Spryker was on June 15th 2021. Spryker invested in Meetsales in their $900K Pre-seed round.


Latest Investments by Spryker

Meetsales
Description
Meetsales offers a video-based B2B sales platform with automations and insights for remote teams. The headless, API-first tool integrates with systems to accelerate lead conversion and reduce costs via meetsales.io.
HQ CountryGermany
HQ City
Berlin
Deal Date15 Jun 2021
RoundPre-seed
Raised$900K
InvestorsMax Yekaterynenko; Tim Niemeier; Fabian Wesner; Ulrike Mueller; Atlantic; Dmitrij Żatuchin; Jens Gamperl
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Spryker Competitors

Spryker competitors include listed companies like Vtex and Softcreate Holdings, and private ones like Bloom & Wild, Lingxing, Gorgias and GoKwik.

Public and private companies comparable to Spryker
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Bloom & WildUnited KingdomUnited KingdomPrivate--$500M-
LingxingChinaShenzhenPrivate--$484M-
GorgiasUnited StatesSan Francisco, CAPrivate$69M-$530M7.7x
GoKwikIndiaNew DelhiPrivate$30M-$463M15.4x
VtexBrazilBrazilPublicly listed$241M$22M$603M1.7x
Softcreate HoldingsJapanJapanPublicly listed$221M$52M$354M1.3x

Spryker Public Comps

Spryker is still privately-owned, but its public comps include Locaweb, THG, Vtex, Softcreate Holdings, Auction Technology Group, Commerce.com, Coveo Solutions, Cafe24, BASE and A2Z Cust2Mate.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Locaweb$289M($31M)1.4x1.3x(12.8x)5.4x
THG$2.3B$133M0.5x0.5x9.2x9.7x
Vtex$241M$22M1.8x1.7x19.2x10.5x
Softcreate Holdings$221M$52M1.2x1.3x5.3x-
Auction Technology Group$190M($93M)4.6x3.5x(9.3x)10.1x
Commerce.com$342M$2M0.8x0.9x176.3x8.8x
Coveo Solutions$148M($25M)1.2x1.2x(7.3x)107.6x
Cafe24$229M$49M0.6x0.7x3.0x3.2x

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Common questions about Spryker

When was Spryker founded?Spryker was founded in 2014.
Where is Spryker headquartered?Spryker is headquartered in Berlin, Germany.
Is Spryker publicly listed?No, Spryker is a private, VC-backed company.
What is Spryker's valuation?Spryker was last valued at $500M in its Series C in December 2020.
How much funding has Spryker raised?Spryker has raised $152M across 3 funding rounds.
What was Spryker's last funding round?Spryker's last funding round was a undisclosed-stage round in December 2025, led by One Peak and TCV.
Who are Spryker's investors?Spryker's investors include One Peak, Project A Ventures, TCV and Cherry Ventures.
What is Spryker's revenue?Spryker's latest recorded revenue is $50M (December 2020).
What is Spryker's revenue multiple?Spryker's latest valuation implies a 10.0x revenue multiple ($500M valuation on $50M of revenue).
Which companies are comparable to Spryker?Companies comparable to Spryker include Bloom & Wild, Lingxing, Gorgias, GoKwik, Vtex and Softcreate Holdings.
How many companies has Spryker invested in?Spryker has invested in 1 company, including Meetsales.
What was Spryker's last investment?In June 2021, Spryker invested in Meetsales' $900K pre-seed round alongside Max Yekaterynenko, Tim Niemeier, Fabian Wesner and 4 other investors.

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