Investment Update: Tictail raise $22m in Series B funding

Congratulations to Balderton portfolio company Tictail, who have today announced $22m in Series B funding. Our friends at Creandum led the round, and we are delighted to have also participated along with Creandum, Thrive Capitaland Acton Capital.

Tictail have created a marketplace that puts over two millions users in the same place as over 80,000 independent brands. The Ticital platform is already one of the smartest and most useful marketplaces for small business owners, and the next level of mobile shopping functionality that the team plan to implement will help them solidify this position, whilst they continue to grow an engaged and loyal community.

Since launch in 2012, Tictail have quickly grown a genuinely transatlantic team, with a significant and effective presence in New York in addition to continuing to build a fantastic group in their hometown of Stockholm.

For more information on what to expect next from Tictail, check out Founder and CEO Carl Waldekranz's open letter to the community.

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