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Nautical Commerce

Multi-vendor marketplace platform

Nautical Commerce logo
21-100 employees
  • B2B
  • Marketing
  • SaaS
  • API
  • Community
Flatiron District, New York, NY

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Company mission

To democratize access to multi-vendor marketplace technology.

227% employee growth in 12 months

Our take

After spending years helping leading global companies with digital transformation, founder Ryan Lee noticed a trend: enterprises were looking to build marketplaces, but they didn't have the technology or the expertise to do it. Instead, they were spending millions of dollars and years to get their marketplaces off the ground while wasting valuable time and resources in the process. Nautical was created to efficiently orchestrate the full lifecycle of marketplace transactions across the multitude of systems involved.

The company's multi-vendor platform makes marketplace technology accessible to businesses of all stripes, from startups to enterprises, allowing them to take advantage of multi-vendor opportunities. There is a clear market for this: businesses leveraging the marketplace model grow 10% faster year over year as compared to their e-commerce competitors. Additionally, retailers with marketplaces saw a 34% traffic increase to their site.

Nautical has invested in growing its team in its NYC and Toronto offices. With a larger team, the company is better placed to work towards its goal to enhancing its multi-vendor product capabilities. Nautical also want to expand to new markets in addition to its existing operations in the US, Canada, UAE, Australia, and France.

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Steph

Company Specialist at Welcome to the Jungle

Company values

  • Radically Human - We make everything about people: our technology, decisions, interactions, and product are rooted in the power of being human first
  • Honestly Humble - We proceed by leaning into our team, knowing we don't know everything. We listen, make data-driven decisions, and communicate openly
  • Customer Centric - We are customer focused because acting in the interest of our customer is always the right choice
  • Solution Oriented - We leave our egos at the door and focus on solving problems. We are okay with being wrong to make sure the product is right
  • Passionately Different - We believe in the strength of diversity, embracing different perspectives and cultures to improve our community and our decision quality

Funding (2 rounds)

Jun 2022

$30m

SERIES A

Dec 2020

$2.2m

SEED

Total funding: $32.2m

Leadership

Niklas Halusa

(President)

Previously a Product Manager at Turvo and part of the Investment Team at Activant Capital.

Ryan Lee

(CEO)

Previously a Senior Program Manager for Apple Pay, Head of Financial Management and Payments at Turvo and CPO at Modo.