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§ Private Profile · Yildiz Teknik Üniversitesi Davutpaşa Teknopark Esenler D2 blok, Kat 2, No: 206 Istanbul, Turkey
Provides cloud-based headless commerce and omnichannel software solutions for enterprise retail brands, unifying online and physical sales channels.
Akinon has raised $20.0M across 1 funding round.
Key people at Akinon.
Akinon has raised $20.0M in total across 1 funding round.
Based in Istanbul, Turkey, Akinon develops cloud-based headless commerce and omnichannel software solutions for enterprise retail brands. The company provides a B2B SaaS platform that unifies online and physical sales channels through order management systems, storefronts, and mobile applications. Operating across 17 countries, the enterprise employs over 400 people and managed $315 million in gross merchandise value during 2020. Akinon has raised over $25 million in total venture funding, including a $20 million Series B round co-led by Actera Group and Revo Capital to fuel expansion into international markets. Generating revenue through subscription fees and gross merchandise value commissions, the software suite serves more than 100 enterprise clients, including regional operations for major consumer brands like Sephora, Lacoste, and Samsung. Akinon was founded in 2016 by Tolga Tatari, Ahmet Emre Sarı, and Çağrı Orcan.
Akinon has raised $20.0M in total across 1 funding round.
Akinon's investors include Actera Group, Cenk Bayrakdar, Endeavor Catalyst, Jürgen Ingels.
Akinon has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series B in October 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 12, 2021 | $20M Series B | Actera Group, Cenk Bayrakdar | Endeavor Catalyst, Jürgen Ingels | Announced |
Key people at Akinon.
Akinon is a global software development company founded in 2016 that builds a cloud-native, headless digital commerce platform enabling omnichannel B2C, B2B, and D2C experiences for retailers and consumer brands.[2][3][6] It serves clients from small-to-medium enterprises to large retailers with over $1 billion in revenue, including half of Turkey's top 100 retailers like Lacoste, Marks & Spencer, Sephora, and Gap, solving challenges in unified inventory, order management, and seamless multi-channel operations.[1][6] In 2020, Akinon managed $315 million in gross merchandise value (GMV) with over 150% year-over-year growth, targeting $1 billion by 2022, and raised $25.61 million total funding, including a $20 million Series B in 2021 co-led by Actera Group and Revo Capital.[1][3]
The platform's API-first design allows flexible integration of front-end and back-end applications, reducing costs, eliminating re-platforming needs, and supporting features like real-time inventory visibility, personalized experiences, and omnichannel fulfillment, with clients reporting up to 350% transaction growth and 26% logistics cost reductions.[6][7]
Akinon emerged from over 20 years of retail industry experience, founded in 2016 in Istanbul, Turkey, by co-founder and CEO Tolga Tatari and team, addressing the need for a next-generation cloud-based platform to revolutionize commerce.[1][2] The idea stemmed from disrupting traditional retail tech with a headless, omnichannel solution that eliminates re-platforming, initially gaining traction in Turkey by serving major retailers and scaling to manage $315 million GMV by 2020.[1] Pivotal moments include a $5 million investment from SmartFin Capital and the $20 million Series B in 2021, fueling a team growth from strong base to 400 employees (with plans to double in 2022) and international expansion into MENA, Eastern Europe, and Asia via local partnerships.[1][5]
Akinon rides the headless commerce and composable commerce wave, where cloud-native platforms enable agile, scalable digital experiences amid rising e-commerce demands post-pandemic, competing with commercetools, Shopware, and others by focusing on unified omnichannel for retail giants.[3][4] Timing aligns with retailers' shift from monolithic systems to flexible APIs, driven by market forces like omnichannel expectations (e.g., real-time stock visibility, hybrid fulfillment) and AI personalization, amplified in emerging markets like Turkey, MENA, and Asia where Akinon expands.[1][6][7] It influences the ecosystem by empowering 50% of Turkey's top retailers and global brands to cut costs/logistics while boosting revenue, fostering a network that accelerates B2B/B2C adoption and sets standards for no-replatforming commerce.[1][3]
Akinon is poised to capture more of the $100B+ digital commerce platform market through aggressive internationalization, team doubling, and GMV scaling beyond $1B, leveraging its EMEA-global footprint and investor backing from Revo Capital, Actera, and SmartFin.[1][3] Trends like AI-enhanced personalization, unified commerce dominance, and composable architectures will propel growth, especially as retailers prioritize cost-efficient scalability amid economic pressures. Its influence may evolve into a world leader by deepening marketplace integrations and AI tools, transforming legacy retail ops globally—building on its disruptive foundation to redefine omnichannel for the next decade.[1][6]
