Bigcommerce, an ecommerce platform for SMBs, raised $50m in Series D funding.
The round was led by SoftBank Capital, a venture firm affiliated with SoftBank Corp., with participation from Telstra Ventures and American Express, as well as existing investors General Catalyst and Revolution Growth. In conjunction with the funding, Steve Murray, a partner at SoftBank Capital, will join Bigcommerce’s board.
The company intends to use the funds to invest in product development, grow sales and marketing, and expand its business to new markets.
Founded in 2009 by Eddie Machaalani, CEO, Bigcommerce provides a cloud-based platform that allows small- and medium-sized retailers of all sizes to build and deploy full-service ecommerce and m-commerce tools to grow revenues. Through it, businesses can access to what they need to launch, promote, manage and scale an online store, with responsive themes, order processing, analytics, mobile commerce and marketing tools.
In order to provide clients with advanced ecommerce functionality, the company has signed several partnerships with Lightspeed POS, NCR Silver, Poynt, and Alibaba.com, and Magento, an eBay Enterprise company, amont others.
It currently serves more than 55,000 retailers around the world from its offices in San Francisco, Austin and Sydney.