About CommerceBear
CommerceBear is a company based in Toronto (Canada) founded in 2017.. CommerceBear has raised $10.5 million across 1 funding round from investors including FJ Labs, Garage Capital and Inovia Capital. CommerceBear offers products and services including Bear Platform and Listing Tracking Tool. CommerceBear operates in a competitive market with competitors including Furnify, Blueport, AMRAX, ShowroomSoftware and Furnichannel, among others.
- Headquarter Toronto, Canada
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.5 M (USD)
in 1 rounds
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Latest Funding Round
$10.5 M (USD), Seed
Dec 08, 2022
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Investors
FJ Labs
& 6 more
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Employee Count
Employee Count
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Products & Services of CommerceBear
CommerceBear offers a comprehensive portfolio of products and services, including Bear Platform and Listing Tracking Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables fast creation and publishing of product listings for brands.
Helps monitor and update product listings across various channels.
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Operations Team
2 people
Leadership Team
1 people
Customer Team
1 people
Software Development Team
1 people
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Funding Insights of CommerceBear
CommerceBear has successfully raised a total of $10.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $10.5 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $10.5M
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First Round
First Round
(08 Dec 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Seed - CommerceBear | Valuation | Garage Capital , Inovia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CommerceBear
CommerceBear has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include FJ Labs, Garage Capital and Inovia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed-stage investments are made by Garage Capital across multiple sectors.
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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Venture capital firm focused on SaaS companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CommerceBear
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CommerceBear
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Commercebear Comparisons
Competitors of CommerceBear
CommerceBear operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Furnify, Blueport, AMRAX, ShowroomSoftware and Furnichannel, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides software solutions for furniture retailers to build online stores.
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| domain | founded_year | HQ Location |
Omnichannel web platforms are provided for furniture retailers.
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| domain | founded_year | HQ Location |
Platform for 3D scanning, modelling, and CAD software integration.
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| domain | founded_year | HQ Location |
Provides software for product management and sales in home furnishings sector.
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| domain | founded_year | HQ Location |
Digital services for furniture and design brands to boost sales and online strategies.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about CommerceBear
When was CommerceBear founded?
CommerceBear was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is CommerceBear located?
CommerceBear is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is CommerceBear a funded company?
CommerceBear is a funded company, having raised a total of $10.5M across 1 funding round to date. The company's 1st funding round was a Seed of $10.5M, raised on Dec 08, 2022.
What does CommerceBear do?
CommerceBear was founded in 2017 in Toronto, Canada, and operates in the eCommerce sector. Multichannel solutions are delivered to businesses, encompassing catalog syndication, automated inventory management, order processing, customer support, analytics, optimized product listings, and image enhancement. Operations follow a subscription model, enabling streamlined online sales across various platforms.
Who are the top competitors of CommerceBear?
What products or services does CommerceBear offer?
CommerceBear offers Bear Platform and Listing Tracking Tool.
Who are CommerceBear's investors?
CommerceBear has 7 investors. Key investors include FJ Labs, Garage Capital, Inovia Capital, Spider Capital, and Watchfire Ventures.