Kite raises $200M to help companies make their e-commerce operations more efficient

 

Kite has raised a $200M funding round to help companies make their e-commerce operations more efficient.  Blackstone and Juxtapose backed the company in this funding round. Kite specializes in helping businesses scale their e-commerce infrastructure and boost their social media presence. The company aims to use the funding to invest in product development and M&A deals and grow its team. Kite is led by Rob Solomon, the former CEO of GoFundMe. The company is based in New York. This is the first major funding round that Kite has raised since being founded in 2022.