Toronto’s Carbon6 Technologies, an e-commerce software aggregator, is being acquired by Minneapolis-based SPS Commerce for $210 million USD ($301 million CAD). The deal, comprising 40% SPS Commerce stock, is expected to close in Q1 2025. Carbon6, which simplifies Amazon merchant operations through software tools and revenue recovery solutions, will bring SPS an estimated $40 million in annual revenue.
Co-founder Kazi Ahmed emphasized the acquisition’s potential to enhance offerings for first- and third-party sellers. Since its 2021 founding, Carbon6 has raised $102 million CAD and acquired 16 companies. This acquisition marks a significant nine-figure exit for Canada’s tech ecosystem.
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