Commodities Marketplaces striking gold 🏆

Commodity marketplaces struck gold this year! The segment tapped into the improving demand for raw materials amid China's recent relaxing of COVID restrictions and Europe's push for improving energy efficiency. 

What are commodity marketplaces? Commodities marketplaces are companies trading between businesses in commodity markets such as steel and agriculture. Examples include:

• Zhaogang - large scale steel trading marketplace for businesses
• Infra.Market - a real estate material procurement marketplace
• Bijak - marketplace for agricultural commodities

Commodity marketplaces are still a small segment, valued at $11.5B in combined enterprise value, but much of that value has been created recently. Since 2017, these marketplaces have increased 5.8x in enterprise value and 2.6x since 2020. 

Much of this recent growth has been due to marketplaces tackling 4 high-level functions that typically made it hard to operate in the commodity space: supply and demand aggregation, procurement tools, financing options and logistics enablement.

On Dealroom.co, we've curated a landscape of 40+ commodity marketplaces ranging across sectors such as Fintech, Agritech, B2B, and more. Access the full landscape below.

Combined Enterprise Value of Commodity Marketplaces

In other news: 

🏠 Mortgage rates keep decreasing. Decreased demand from high interest rates and low consumer confidence. - Forbes

🌐 More than half of procurement professional want to focus on online purchasing. A new SAP report on B2B enterprise procurement dives into preferences of the market. - SAP

🇺🇸 reAlpha, the US-based marketplace that allows investors to acquire shares of short-term rental real estate, has raised $100M in funding. The capital comes 2 months after the company secured $200M in financing for new acquisitions. 

🇨🇦 Canadian mortgage marketplace, Nesto, has raised a $80M Series C. The capital will be focused on marketing expansion and to launch Nesto Mortgage Cloud, its enterprise focused product. 

🇨🇦 GoBolt Logistics, a Canadian e-commerce logistics platform, has raised $55M in a Series C to invest in the companies fleet and EV capacity. 

Other promising marketplace deals:

🇺🇸 Executive recruitment marketplace Hunt Club has raised a $40M Series B to double down in the US.

🇹🇷🇩🇪 Turkish logistics marketplace Getir has acquired its German rival Gorillas for $1.2B. The deal comes as both companies had laid off earlier in the year. 

Read up on all the latest Marketplace deals on Dealroom.co

Tip of the week

A deep dive into Commodities Marketplaces - check out our B2B Marketplaces 2022 Report

In our latest marketplace report, we not only dive into how B2B Marketplaces are one of the most resilient niches in tech, but also how we expect new potential in different markets and business models. 

Access the full report, made in partnership with Adevinta Ventures, to discover what's driving one of B2B marketplaces' best years for growth.

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Dive in

🔋Energy marketplaces keeping the lights on

📉 Marketplaces Q3 Report

🗓 Marketplaces H1 2022

Christopher V. Dobereiner

Innovation Analyst
Dealroom

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