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- Spryker
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
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
Website
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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2020 | Series C | $500M | 10.0x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2020 | $50M | $500M | 10.0x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Undisclosed stage | One 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 2020 | Series C | TCV (lead); One Peak; Project A Ventures | $130M | $500M | Spryker, 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 2018 | Series B | One 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Feb 2018 | ||
| 3 | Participant | Feb 2018 | ||
This data is available for Pro users. Sign up to see all 4 Spryker investors. Start Free Trial | ||||
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Start Free TrialInvestments 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
| 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 Country | |
| HQ City | Berlin |
| Deal Date | 15 Jun 2021 |
| Round | Pre-seed |
| Raised | $900K |
| Investors | Max Yekaterynenko; Tim Niemeier; Fabian Wesner; Ulrike Mueller; Atlantic; Dmitrij Żatuchin; Jens Gamperl |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Spryker investments and their VC round multiples. Start Free Trial | |
Spryker Competitors
Spryker competitors include listed companies like Vtex and Softcreate Holdings, and private ones like Bloom & Wild, Lingxing, Gorgias and GoKwik.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $484M | - | ||
| Private | $69M | - | $530M | 7.7x | ||
| Private | $30M | - | $463M | 15.4x | ||
| Publicly listed | $241M | $22M | $603M | 1.7x | ||
| Publicly listed | $221M | $52M | $354M | 1.3x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $289M | ($31M) | 1.4x | 1.3x | (12.8x) | 5.4x | |||
| $2.3B | $133M | 0.5x | 0.5x | 9.2x | 9.7x | |||
| $241M | $22M | 1.8x | 1.7x | 19.2x | 10.5x | |||
| $221M | $52M | 1.2x | 1.3x | 5.3x | - | |||
| $190M | ($93M) | 4.6x | 3.5x | (9.3x) | 10.1x | |||
| $342M | $2M | 0.8x | 0.9x | 176.3x | 8.8x | |||
| $148M | ($25M) | 1.2x | 1.2x | (7.3x) | 107.6x | |||
| $229M | $49M | 0.6x | 0.7x | 3.0x | 3.2x | |||
This data is available for Pro users. Sign up to see all Spryker competitors and their valuation data. Start Free Trial | ||||||||
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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