A world crew from international legislation agency Dentons represented LA-based startup Scalefast in its profitable US$22 million Collection B financing spherical, to develop its crew, geographic footprint and product choices and additional help present and new prospects.
Scalefast seeks to assist manufacturers simplify direct-to-consumer ecommerce. Based six years in the past by three French entrepreneurs, it has expanded its operations to El Segundo, California, Paris, and Madrid. Scalefast works with European buyers resembling Crédit Mutuel Fairness and Adara Ventures, two of the buyers that participated within the Collection B. Xplorer Capital, Stereo Capital, FJLabs, Benhamou International Ventures, and different early stage buyers additionally participated within the spherical.
“Our imaginative and prescient has at all times been that manufacturers ought to ship an ideal eCommerce expertise on to the patron, not intermediaries. As manufacturers have needed to adapt rapidly to a brand new actuality over the previous few months, the necessity for speedy digital transformation that permits retailers and types much wanted flexibility to scale has by no means been extra vital,” mentioned Nicolas Stehlé, CEO of Scalefast. “With Dentons’ help on this newest fundraising, we’re capable of uniquely place Scalefast to supply the mandatory instruments for a flawless direct-to-consumer expertise unhindered by third-parties.”
David Masson, the lead associate on the deal, who has been advising the startup since its creation, mentioned, “This financing spherical is a vital step for Scalefast and an indication on how Dentons can help shoppers in taking their progress ambitions to the subsequent stage.”
New York associate Ilan Katz, who suggested Scalefast on each its Collection A and Collection B Rounds, mentioned, “That we have been capable of obtain a profitable and oversubscribed Collection B financing within the face of the worldwide pandemic is a testimony to the expertise and dedication of Nicolas and his administration crew, and to the shut collaboration with Dentons’ authorized advisors.”
Scalefast, which noticed 200% progress year-over-year in 2019, obtained Red Herring’s 2019 Top 100 North America award, and was included in each Inc. 5000’s record of quickest rising corporations, and the Deloitte Expertise Quick 500.