– Rapidly growing Frontend as a Service pioneer builds on commercial momentum with new equity round led by Felix Capital
– New CTO joins as more big retailers close deals with innovative technology startup
– Company to launch major product upgrade fully opening Vue Storefront to US market
Vue Storefront has raised $20 million of equity with investors continuing to show confidence in the frontend technology startup as retail brands flock towards its leading composable commerce solution and fuel its rapid international expansion. In just the last 12 months, the company has added customers like Berlin Brand Group, Zenith Watches and Zadig & Voltaire with more than 50% of its pipeline coming from the US enterprise market.
London-based Felix Capital, backer of digital lifestyle businesses — including European tech success stories Mirakl, Travelperk, Moonbug or Farfetch — leads the round with additional funds from Philippe Corrot, founder & CEO of Mirakl, and Nagi Letaifa, Head of Engineering at Mirakl. Julien Codorniou, who joined Felix Capital last year from Facebook, will join Vue Storefront’s board of directors. Existing investors Creandum, Earlybird and SquareOne, all stepped up meaningfully in the round, showing strong support for the company.
Vue Storefront has enjoyed a successful 18 months, during which it raised a $17.4 million Series A and increased its revenues more than 300%, despite challenging economic headwinds. The company scaled globally with over 100 people in 10 countries, support from over 130 industry partners, and a 19,000-strong developer community. Vue Storefront is now being used to power the online stores of over 2,200 retailers and merchants across the globe, including Orgill, Tally Weijl and Zenni.
The new equity round coincides with Vue Storefront’s release of a major product upgrade at this month’s Shoptalk in Las Vegas that will enable it to fully cater for American enterprise commerce.
The firm has also bolstered its senior ranks, adding Tim Drijvers, formerly chief technology officer of Sendcloud, as its new CTO. Drijvers takes over from predecessor and Vue Storefront co-founder Filip Rakowski, who becomes chief developer experience officer (CDXO). The creation of this industry-first role reflects the company’s focus on a group that propelled its product to the top five international e-commerce projects on software development platform Github.
Vue Storefront co-founder and CEO Patrick Friday says:
“We’re delighted to have secured this significant investment, especially in this difficult economic climate for the tech industry. Vue Storefront is an ambitious company, and this vote of confidence by the investment community puts us on a strong path for continuous growth and steels us for whatever lies ahead. It also gives us added impetus to develop new and better industry-first product features, which has been the cornerstone of our success. Felix Capital’s extensive knowledge of the e-commerce and SaaS industries makes it an ideal partner for our next chapter. We’re also grateful for the continued trust of Creandum, Early Bird and SquareOne who helped kick-start our incredible journey 18 months ago — and shared our conviction that a website’s frontend drives customer experience and boosts sales.”
Felix Capital Investor, Joseph Pizzolato says:
“We believe headless and composable experiences are the next generation of commerce, having seen first hand in our portfolio the need to deliver best-in-class consumer experiences. Modern brands need to deliver unique, high performance digital experiences to drive revenue and retention, and we believe Vue Storefront can become the industry standard frontend platform addressing these needs. The teams’ strong product DNA, coupled with their focus on community building and the momentum they are gaining in the US gave us confidence they are on the path to becoming a global
leader in this space. We are thrilled to partner with Patrick, Bart, Filip and team, and look forward to the journey ahead.”
David Ting, CTO, Zenni, says:
“Vue Storefront has given our business real velocity. Not only in speeding up our work — it’s shaved at least 50% off our development timeline — but also improving the experience of our customers. The greatest strength is that its FEaaS has very little and simple code to get started. And as an online store’s ecosystem evolves, there are richer, more configurable modules that can get most use-cases up and running quickly.
“What really stands out is Vue Storefront’s backend portability. It means we’re not held hostage to any e-commerce platforms, which can get dated. A lot of our code, our intellectual assets and the UI are on Vue Storefront’s agnostic framework. This flexibility lowers our risk and gives us the freedom to choose from newer technologies as they hit the market. As a CTO, that’s really important to me.
“The power of Vue Storefront’s frontend technology is its focus on user experience. And getting that aspect perfect first and being able to iterate and quickly test new experiences, before even thinking about scalability, is key. Enabling teams to be so nimble gives such an advantage over competitors that are still stuck on archaic e-commerce systems.”
Chris Gardner, Strategic Partnerships, Bloomreach says:
“Vue Storefront has become an integral part of our composable commerce offering by accelerating go live launches with customers. Its frontend acts as the connective tissue between our solutions and other MACH-compliant technologies, including headless commerce partners such as BigCommerce and commercetools. In particular, enterprise customers are impressed with Vue Storefront’s capabilities around hosting, design, and time to market. We’re looking forward to further expanding our partnership to help merchants achieve their goals.”
A growing trend
The headless commerce ecosystem has continued to grow at pace in recent years, capitalizing on tech transformations. Research and consulting firm Gartner originally coined the term ‘composable commerce’ in 2020, noting digital commerce platforms were, “experiencing ongoing modularization in a cloud-native, multi-experience world”. Gartner predicted that by 2023, organizations that adopted a composable commerce approach would outpace their competition by 80% in terms of speed of new feature implementation.
Riding a new wave
In 2021, Vue Storefront emerged as the leading frontend solution in e-commerce’s “headless” revolution — where brands began separating their digital backend services from their frontend customer-facing layers as traditional all-in-one systems were too rigid to adapt to changing online consumer trends.
The concept of composable commerce took things one step further. It enabled retailers to further divide up entire backends (where the content management systems, payment systems, search providers and other third-party services sit) into independent components and compose them into flexible architectures that meet specific business model needs.
Vue Storefront’s growth has been fuelled by its FEaaS offering the most integrations with backend components in the entire composable commerce ecosystem. In 2023, the company plans to roll out more features and upgrades, cementing its status as the industry’s leading frontend technology provider. This additional funding will help the company to continue on its strong growth trajectory, scale up the teams and product, and expand internationally.