Myplanet secures funding to expand its position as North America's largest composable commerce consultancy

Torys acted as counsel to Tercera as an investor with a team that included Konata Lake and Tyler Cassack (corporate/financing).

On August 22, 2022, Myplanet Internet Solutions Ltd. (Myplanet”) announced it received US$11 million (C$14 million) in funding from Tercera LLC (“Tercera”).

With this investment, Myplanet will extend its position in this rapidly growing space by deepening its MACH Alliance partnerships, delivering new innovative pre-packaged accelerators that democratize access to composable commerce, and doubling the size of its global talent base.

Tercera's investment will also be used to advance Myplanet's portfolio of composable commerce accelerators, which provide more than 35 pre-packaged integrations to different MACH solutions. Nearly 80% of Myplanet's current customers are using its Composable.com^TM Accelerators to move faster into this new architecture, with less risk. The company plans to release additional accelerators for mobile and retail data in the next 12 months.

Further information can be found on Canada Newswire’s website.

Myplanet, a certified B Corp, specializes in composable commerce, customer data, and retail data platforms. With over a decade of experience in digital programs, the company has worked with great brands on impactful projects, building deep capabilities in data-driven design, AI implementation, and personalization, while forming strong partnerships with technology leaders as a member of the MACH Alliance.

Tercera is an investment and advisory firm founded to accelerate the growth of people-centric businesses. Specializing in the US$460 billion cloud professional services market, the Tercera team is composed of invested operators who know first-hand what it takes to build and scale a successful cloud services business.