Neteven Opens Offices in the UK and Germany
French marketplace management software provider Neteven is opening new offices to help its expansion into Europe.
Neteven CEO Greg Zemor said "Over the past three years, Neteven has been signing up merchants outside of France. With good results and successful proof of concept in the UK, Germany, Spain and Italy, it was time for us to accelerate our growth by opening local offices. Thanks to our excellent market position and financial health, we were able to attract several sources of funding."
To finance the expansion, Neteven has raised an investment of €3.6 million from a group of investors. Neteven has 500 clients and 35 employees. Its sellers had a 36% increase in GMV from 2012 to 2013.