Total amount raised
$277 Million
Latest funding date
10/01/2021
Location
Pattern has successfully raised funding through three rounds, with the latest being a Private Equity round. The company is backed by eight investors, including Banner Capital Management, LLC and Robert Gay.
Pattern offers a comprehensive ecommerce acceleration platform powered by AI, designed to help brands optimize their operations across various marketplaces. Keep reading to explore the intricacies of Pattern's fundraising journey and the investors backing this innovative platform.
What Is Pattern?
Pattern is a global ecommerce accelerator headquartered in Lehi, Utah. The company operates in the E-Commerce, Retail Technology, and Software industries, providing AI-powered solutions to help brands grow on various marketplaces.
Founded with a mission to optimize ecommerce operations, Pattern has grown to employ between 1001 and 5000 people. The company offers a range of services, including marketplace growth, fulfillment solutions, and digital footprint expansion, serving over 60 marketplaces worldwide.
How Much Funding Has Pattern Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial technology platform.
- Series A
- Amount Raised: USD 52,000,000
- Date: August 2020
- Lead Investors: Banner Capital Management, LLC, KSV Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market reach and enhance its ecommerce acceleration platform.
- Private Equity
- Amount Raised: USD 225,000,000
- Date: October 2021
- Lead Investors: Knox Lane
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To extend global presence and further develop technology and services platform for brands.
Total Amount Raised: USD 277,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Knox Lane
- Details: Knox Lane is a growth-oriented investment firm based in San Francisco. The firm focuses on partnering with leading companies to accelerate transformational growth.
- Investment Focus Areas: Consumer, services, digital transformation, supply chain, business development
- Notable Investments: Lead investor in Pattern's Private Equity round
- Banner Capital Management, LLC
- Details: Banner Capital Management, LLC is a private equity firm that invests in middle-market companies. The firm aims to create value through strategic partnerships and operational improvements.
- Investment Focus Areas: Healthcare, technology, consumer products, industrials
- Notable Investments: Recent investor in Pattern
- KSV Global
- Details: KSV Global is an investment firm that focuses on growth-stage companies. The firm provides capital and strategic support to help businesses scale.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Not publicly disclosed
- Robert Gay
- Details: Robert Gay is a seasoned investor with a background in private equity. He has a track record of investing in and growing successful companies.
- Investment Focus Areas: Private equity, technology, consumer goods
- Notable Investments: Not publicly disclosed
What's Next for Pattern?
Pattern stands at the cusp of significant growth opportunities, driven by the rapid evolution of ecommerce and digital marketplaces. With a global ecommerce market valued at $6 trillion, Pattern's expansion into over 100 countries and its support for more than 100 global brands position it well to capitalize on this vast market. The company's focus on enhancing its technology and services platform for brands will likely drive further growth.
Future fundraising opportunities appear promising, especially given the recent $225 million growth equity investment led by Knox Lane. This strategic partnership not only provides the financial backing needed for expansion but also suggests potential for future financial activities to support continued growth. Acquisitions, such as those of NextWave and ROI Hunter, indicate a strategy of growth through acquisition, which could be a key component of Pattern's future fundraising efforts.
However, navigating the complexities of global marketplaces and maintaining high partner satisfaction rates present challenges. The rapid pace of change in ecommerce and digital channels requires continuous innovation and adaptation. Despite these challenges, Pattern's robust technological capabilities and strategic partnerships position it well to overcome obstacles and seize future opportunities.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Pattern and gather other critical business insights. Sign up for free to start optimizing your sales strategies today.
