Elasticpath Secures $60M in Growth Funding

Composable commerce platform Elasticpath has received a $60M cash injection. Led by Sageview Capital, this round of funding means that the company has now raised $120M to date.
"This new capital will allow Elastic Path to build on a strong 2021 as the market shift to Composable Commerce accelerates. The market is rapidly moving to Composable Commerce, an approach where multiple best-of-breed vendors are “composed” together to create complete, functionally superior commerce solutions optimized for the unique needs of each brand," the press release reads.
Notably, Elasticpath has embraced MACH architecture without embracing the MACH Alliance. Instead, the company launched the Composable Commerce Movement, which seeks to attract vendors offering both MACH and non-MACH products while focusing on "customer outcomes" rather than MACH awareness.
Elsewhere in the DXPverse (...MetaDXP? Okay I'll stop), Agility CMS debuts on Vercel's marketplace, Kentico MVPs, and a 3D CMS may be on the horizon.

“Brands are demanding more: More speed. More control. More flexibility. And our strong growth is clear evidence that we are meeting that demand,” said Jamus Driscoll, CEO at Elastic Path.
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