Ankorstore company profile: valuation, funding & revenue

This Ankorstore company profile covers the company's valuation, revenue, funding rounds, investors and history. Ankorstore works in e-commerce, with a focus on B2B wholesale marketplace. It was founded in 2019 and is headquartered in Paris, Île-de-France, France. Its latest valuation on record is €1.75 billion (January 2022). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Ankorstore timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2019 — Ankorstore is founded in Paris by Nicolas d'Audiffret (CEO), Pierre-Louis Lacoste, Mounir Mouarrawi and Nicolas Cohen.
• Jan 2022 — Series C: €250M, valuing the company at €1.75B (about US$2B). Investors: Tiger Global and Bond (leads); Eurazeo, Coatue; Index Ventures, Bain Capital Ventures, Global Founders Capital, Alven, Aglaé Ventures.
• January 2022 — Marketplace size: About 200,000 retailers and 15,000 brands at the time of the Series C.

Investors

Overview

Ankorstore is an online wholesale marketplace that connects independent retailers, such as gift shops, concept stores, boutiques, delis and bookshops, with independent brands across Europe. Retailers can discover products from thousands of brands, order with low minimums and pay later, while brands can reach shops in many countries without a traditional sales team or distributor. Ankorstore handles payments, offers retailers payment terms and helps with logistics. In January 2022 it raised €250 million at a €1.75 billion valuation, two years after launch, making it one of Europe's fastest-growing marketplaces at the time.

Nicolas d'Audiffret, the CEO, founded Ankorstore in Paris in 2019 with Pierre-Louis Lacoste, Mounir Mouarrawi and Nicolas Cohen. Several of the founders had previously worked together in e-commerce. They saw that independent shops struggled to compete with large chains and Amazon partly because buying wholesale was inefficient, with high minimum orders, upfront payment and fragmented suppliers.

Products

• Wholesale marketplace: a catalogue of products from independent brands for retailers to order.
• Low minimum orders: retailers can order small quantities from many brands in one checkout.
• Payment terms: retailers can pay later, typically after 60 days, while brands are paid quickly.
• Brand tools: order management, promotions and analytics for brands.
• Logistics: shipping support and fulfilment services in some markets.

Funding

Ankorstore raised early funding from investors including Index Ventures, Alven, Global Founders Capital and Bain Capital Ventures. In January 2022 it raised a €250 million Series C led by Tiger Global and Bond, with Eurazeo and Coatue and existing investors, at a €1.75 billion valuation (about US$2 billion post-money). The company said it would use the funds for geographic expansion, beginning with Italy and Spain. It had about 200,000 retailers and 15,000 brands on the platform at the time. We haven't found a newer priced round, so the 2022 valuation should be treated as historical.

Business model

Ankorstore earns a commission on wholesale orders, paid by brands, which varies depending on whether the brand brought the retailer to the platform. It funds retailer payment terms, which requires working capital and carries credit risk. Repeat ordering by retailers and growth in average order value are important for its economics.

Competition

Ankorstore competes with Faire, the US-based wholesale marketplace that also operates in Europe; with traditional trade shows, sales agents and distributors; with direct wholesale from brands' own websites; and with marketplaces such as Amazon Business. Its strengths are its focus on Europe, local teams and a large retailer network across multiple countries.

Ankorstore at a glance

Ankorstore is a Paris-based wholesale marketplace founded in 2019 by Nicolas d'Audiffret, Pierre-Louis Lacoste, Mounir Mouarrawi and Nicolas Cohen. It connects independent retailers and brands across Europe with low order minimums and payment terms. It raised a €250 million Series C in January 2022 at €1.75 billion, led by Tiger Global and Bond.

Timeline

• 2019: founded in Paris.
• 2020: grows quickly as independent shops seek online sourcing during the pandemic.
• 2021: raises Series A and B.
• January 2022: raises €250 million at €1.75 billion.
• 2023–2025: focuses on efficiency and profitability as growth markets cool.

Why independent retail needed a wholesale marketplace

Independent shops traditionally found new products at trade fairs, through sales representatives or by contacting brands directly. Each brand might require a large minimum order and upfront payment, tying up scarce cash. A marketplace lets shops order small quantities from many brands at once and pay later, reducing risk and making it easier to try new products. Brands, in turn, can reach thousands of shops without hiring sales teams in each country. Faire proved the model in the US, and Ankorstore built a European equivalent.

Who uses Ankorstore

Ankorstore's users include independent retailers such as gift shops, boutiques, concept stores, delis, pharmacies and bookshops, and independent brands making home goods, fashion, beauty, food and accessories.

Valuation context

Ankorstore's €1.75 billion valuation was set at the peak of e-commerce investment. Since then, marketplace valuations have fallen and Faire's reported valuation has also declined from its peak. Without a new round, the 2022 figure should be treated with caution. Our guide to the largest European startups provides comparisons.

Risks

• Credit risk: retailer payment terms can lead to losses.
• Competition: Faire and direct wholesale channels compete for brands.
• Retail health: independent shops are sensitive to economic conditions.
• Stale valuation: the last mark is from 2022.

Questions for retailers and brands

• What commission and fees apply to brands?
• What payment terms and order minimums apply to retailers?
• How are shipping and returns handled across borders?

How payment terms work on the platform

A key feature of wholesale marketplaces is that retailers don't have to pay upfront. When a shop orders through Ankorstore, the brand is paid shortly after shipping, while the retailer typically pays around 60 days later. This helps retailers sell products before paying for them, easing cash flow, and it removes the brand's risk of not being paid. Ankorstore effectively provides short-term credit to retailers, funded by its own capital and credit facilities, which means it must assess retailer creditworthiness and manage defaults. Done well, payment terms are a powerful incentive for retailers to consolidate their buying on the platform; done poorly, they can generate losses.

Expansion across Europe

Europe's retail market is fragmented by language, tax rules and shipping costs. Ankorstore built local teams in countries such as Germany, Spain, Italy, the Netherlands, Belgium and the UK to recruit brands and retailers, and to help brands ship across borders. Cross-border sales let small brands reach shops far beyond their home markets, one of the platform's main selling points.

Latest developments (October 2026)

We found no confirmed new funding round for Ankorstore after its €250 million Series C in January 2022 at €1.75 billion, led by BOND and Tiger Global. That figure remains the latest sourced valuation and dates from the peak of the 2021–2022 market. Since then the wholesale marketplace has focused on efficiency and on serving independent retailers and brands across Europe, competing with Faire in some markets. Any new priced round would show how its value compares with the 2022 mark.

What to watch

Watch profitability, new funding, expansion and competition with Faire.

Takeaways

Independent retailers can source from many brands with less cash. Founders can see how a proven US model can be adapted for Europe. Investors should treat its valuation as a 2022 mark.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. TechCrunch
2. FashionUnited
3. Tech.eu