Staytuned secures USD 34 million for its e-commerce software

Staytuned secures USD 34 million for its e-commerce software

Staytuned Digital Inc., a startup that provides online retailers with store management software, has secured USD 34 million in equity and debt financing. In a financing round that was announced by the company, USD 9 million in equity funding was obtained from TenOneTen, Rembrandt VC, and more than a dozen additional investors.

Additionally, Tacora Capital provided it with a USD 25 million credit line that it may later choose to increase. A set of software tools for managing online stores are offered by the New York-based company Staytuned.

The startup primarily focuses on websites that utilize the e-commerce platform used by Shopify Inc. Millions of merchants use Shopify’s platform, which handled USD 61 billion worth of transactions in the most recent quarter.

Read More: Staytuned reels in $34M for its e-commerce application suite

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