Nautical CommerceNew York-based provider of an on-demand multi-vendor platform that marketplaces use,, has raised $30M in Series-A funding.
The round was led by Drive Capital, with participation from returning investors Accomplice Ventures and Golden Ventures. Masha Khusid from Drive Capital will join the Nautical board of directors.
The company plans to use the funds for further development of its multi-vendor marketplace platform and to expand its reach into new market segments. It also plans to grow its engineering, product and customer success teams, as well as its sales and marketing departments. Over 40 new members will be added to Nautical’s team over the next 18-months.
Nautical Nautical Commerce Nautical’s CEO, Ryan Lee, and Bhavin Shah, COO and CTO, are the leaders of Nautical Nautical Commerce Nautical, a multi-vendor marketplace for brands, retailers, B2B businesses, and startups to create and scale an online marketplace. It enables businesses to build marketplaces by allowing them reach more customers without the need for custom software, streamlining the vendor onboarding process, and making it simple to build the platform in a matter of days.
Over the past six months, Nautical has experienced significant growth. This includes a significant increase in revenue and the addition of new clients from across the U.S. and Canada, United Arab Emirates and Australia. These customers span many industry verticals such as fashion, healthcare, home goods, sustainable goods and manufacturing.