French startup Mirakl is a global SaaS company that enables businesses to revolutionise the way they sell online. It just announced a €100 million Revolving Credit Facility (RCF).
Growth plans ahead
This RCF was obtained from a pool of five lenders – BNP Paribas (LendInvest and Aphea.Bio), HSBC, J.P. Morgan, Natixis, and Société Générale who took part in setting up this syndicated loan and acted as mandated arrangers and book-runners.
The RCF supplements Mirakl’s existing strong cash position, built on the company’s controlled cash consumption following series D and E fundraisings. The funds will be used to finance Mirakl’s growth, in particular by investing in its technology and completing acquisitions.
Following the latest Series E fundraising round of $555 million in 2021, which valued the company at over $3.5 billion, Mirakl is now strengthening its capacity to invest in its growth. It has a strong track record of investment, both in acquisitions and organic growth, such as the acquisition of Target2Sell, the launch of its retail media business (Mirakl Ads) and its financial services business (Mirakl Payout) which generated more than $135 million in annual recurring revenue (ARR).
Adrien Nussenbaum, co-founder and co-CEO of Mirakl said: “This latest debt financing is an additional milestone demonstrating Mirakl’s financial strength and greater financial maturity. Through the RCF, we will be able to carry out M&A transactions that will further strengthen Mirakl’s technological progress and the success of our customers’ marketplaces.”
Eric Heurtaux, Group CFO of Mirakl added: “We are proud to announce the signing of this RCF, which reflects the confidence of our banking partners in supporting our long-term growth strategy. This facility, with its flexible terms and competitive conditions, provides us with additional financial resources to meet our strong ambitions for growth and development.”
Helps brands launch and grow an enterprise marketplace
Mirakl was founded by Adrien Nussenbaum and Philippe Corrot in 2021 in France. With Mirakl, organisations across B2B and B2C industries can launch marketplaces faster, grow bigger, and operate with confidence as they exceed rising customer expectations.
Its industry-leading suite of products accelerates profitable, sustainable e-commerce growth through solutions in the marketplace, drop ship, supplier sourcing ecosystem, supplier catalogue management and pay-out, personalisation, and retail media.
Over 400 of the world’s most trusted brands across retail and B2B industries choose Mirakl’s award-winning technology, including Airbus, Decathlon, Galeries Lafayette, Kroger, Leroy Merlin, Macy’s, Maisons du Monde, MediaMarkt, Sonepar, Toyota Material Handling, and Yves Rocher.
