Carbon6

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.

Want to know more? Check out the source code on BetaKit.

Toronto’s Carbon6, a software platform for Amazon businesses, announced the acquisition of Junglytics, an AI-powered business intelligence product designed to enhance data-driven decision-making for sellers. The acquisition strengthens Carbon6’s capabilities by integrating Junglytics’ AI technology with Carbon6’s data platform, offering sellers a tool for optimizing operations and maximizing profitability.

“This acquisition is a perfect alignment of our vision to revolutionize the way sellers interact with their data through AI-driven conversations,” stated Naseem Saloojee, cofounder of Carbon6. “Junglytics brings a transformative approach to AI that allows sellers to not only access data but also to act on it without delay.”

Want to know more? Check out the source code on BetaKit.