Comestri Co-Founder Frank Nesci said, “This exciting investment and partnership with Moelis will help us take our ecommerce technology to the next level, helping retailers optimise their operations and provide exceptional customer experience in this fast-evolving, digital-first market. The retail landscape is changing and Comestri is well positioned to meet and support the growing demands and expectations of retailers and partners, both domestically and internationally.
The proceeds of this capital raise will also be used to further to expand operations locally and into the UK, Europe, USA and Asia.”
Moelis added it views eCommerce as a growth area that the firm is excited to support through its investment funds. “eCommerce is only going in one direction and a software business that makes it easier to sell through multiple channels and fulfil those sales in a timely manner provides an exciting investment opportunity,” said Will Botha.
The Series B capital raise process was managed by Matt Rogers, Managing Director of Allunga and who helped secure the investment with Moelis.