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Thrive Capital leads $8m Series A round for DIY web-shop business Tictail

18 Feb 2014

spider-webSweden-headquartered free e-commerce platform Tictail has picked up an $8m Series A financing round led by New York venture firm Thrive Capital.

European venture major Balderton Capital also took part in the round alongside Project A Ventures and Creandum.

The company aims to allow individuals and retailers to set up a virtual store in minutes, and has grown to more than 35,000 stores in 110 countries over the past two years.

Thrive partner Will Gaybrick said, “Tictail has a beautiful product that merchants love, and a vibrant community that is growing faster by the day.

“We’re excited to see this talented team apply its strengths in design and engineering to develop consumer products that facilitate social commerce and merchant discovery.”

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