Insight Partners has acquired a stake in retail e-commerce platform CommerceHub. Existing Investors GTCR and Sycamore Partners are keeping stakes in the target.
CommerceHub helps retailers meet online demand by expanding product inventories so companies can increase speeds of deliveries. The deal comes at an ideal time, as consumers are shopping more online during the pandemic.
“As we continue to see massive disruption in retail, having a resilient and agile supply chain is imperative for retailers and brands, and CommerceHub is uniquely positioned to deliver a strategic advantage in a capital-efficient manner,” says Mark Anderson, managing director at GTCR.