Hybris AG, a German e-commerce platform provider, got a $30 million investment from two new investors, Meritech Capital Partners and Greylock Israel, and existing shareholder Huntsman Gay Global Capital.
Hybris will use the funds to accelerate growth in emerging markets, the company said today in a statement. Huntsman Gay has been Hybris’s biggest investor since 2011.
The company’s technology helps customers such as Levi Strauss & Co. and Nikon Corp. sell more goods and services online. Hybris said it has boosted revenue at a compound annual growth rate of 70 percent over the past three years while producing positive operating cash flow, without disclosing total sales.
Hybris, which employs more than 600 people, may go public in the middle of the year, Fortune reported in January, without saying how it obtained the information.