Funds for Product Experience Management Firm Akeneo

In the US, product experience management (PXM) company Akeneo has raised $135m in a Series D round of financing, which it will use to accelerate its product development roadmap, make executive appointments, and expand strategic partnerships.

Akeneo's PXM Studio platform is used to centralize product information, measure and enrich product data quality, and deliver personalized product experiences across sales channels and touchpoints - including eCommerce, mobile, print and retail points of sale. The firm's open-source enterprise product information management (PIM) and product data intelligence solutions are designed to help improve product data quality and accuracy while simplifying product catalogue management.

New funding has been led by Summit Partners with participation from existing investors Alven and Partech, bringing Akeneo's total raised to date to $196m. This latest round will enable Akeneo to further develop its PXM Studio platform, incorporating product information such as real-time availability and inventory, dynamic pricing, competitive product insights, and merchandising information. Co-founder and CEO Fred de Gombert (pictured) comments: 'We are extremely grateful to our investors and partners; this momentum would not be possible without their continued support'.

Web site: www.akeneo.com .