ecommerce software startup Marketplacer just raised $20 million as it gets ready to list

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ecommerce software startup Marketplacer just raised $20 million as it gets ready to list

Simon Thomsen - November 16, 2020 < 1 MIN READ

Marketplacer CEO Jason Wyatt.

Software venture Marketplacer, which provides ecommerce solutions for leading Australian retailers such as Myer, Metcash and Bob Jane T-Marts, has raised $20 million as it plans to head to an IPO in early 2021.

Founded in Melbourne in 2012, the company creates backend online marketplace software and raised $20 million 12 months ago in what was touted back then as a pre-IPO raise.

Those investors, including Bombara Group, Acorn Capital, SG Hiscock, Morgans Financial and Mirrabooka Investments, returned for this latest round, with Endeavor Asset Management, Ellerston Capital and OC Fundsk also signing up for the fresh raise.

Marketplacer has seen its revenues more than double in the past two years and while it was dreaming of an IPO in 2020 12 months ago, is now hoping to list in 2021 and is hoping to be profitable by then too.

Simon Thomsen

Simon has been editor of Startup Daily since 2019.

He hosted the Startup Daily show on streaming service ausbiz.com.au from 2020 to 2023.

He was previously associate editor of Business Insider Australia, a national restaurant critic, editor of The Good Food Guide, and newspaper proprietor during a 30-year career in journalism and publishing.

He's also an investor in early stage startups.

Simon chaired the environment committee of industry lobby group Australian Business Ltd's (now NSW Business Chamber) during the Kyoto agreement era, debating cow farts with mining execs.