Later Acquires Mavely for $250M to Expand Influencer Marketing Impact
The deal combines Later's AI-driven platform with Mavely's creator network to boost measurable results and creator earnings in the evolving social commerce landscape.
- Later, a social media management and influencer marketing firm, has acquired Mavely, a social commerce app, for $250 million with funding from Summit Partners.
- The acquisition merges Later's AI-powered tools with Mavely's network of over 120,000 creators, who have driven more than $1 billion in sales for brands like Nike and Lululemon.
- The combined platform will focus on delivering measurable business outcomes, including improved return on ad spend and full-funnel campaign tracking for marketers.
- Creators will benefit from expanded monetization opportunities, including earning commissions from over 1,400 brands and landing partnerships with major companies.
- The deal highlights the growing importance of 'everyday influencers' and the shift in the creator economy toward data-driven, results-oriented marketing strategies.