BigCommerce, an Austin, Texas-based ecommerce platform for fast-growing and established brands, closed $64m growth equity funding.
The round, which brings total funding to over $200m, led by Goldman Sachs, with participation from current investors General Catalyst, GGV Capital and Tenaya Capital.
The company intends to use the funds to continue investing in the platform, technology and team.
Founded in 2009 and led by Brent Bellm, CEO, and Russell Klein, Chief Development Officer, BigCommerce provides a SaaS ecommerce platform serving Internet Retailer Top 1000 brands. Today, more than 60,000 merchants across 120 countries use the BigCommerce platform, including Avery Dennison, Ben & Jerry’s, Gibson, Paul Mitchell, Sharp, Skullcandy and Sony.
To date, merchants selling on the BigCommerce platform have processed more than $17 billion in sales.
The funding follows several recent company milestones, including new and expanded strategic partnerships with commerce and technology platforms such as Amazon, eBay, Facebook, Google, Instagram, Square and PayPal. Highlights include:
In March, BigCommerce expanded its collaboration with Instagram to enable shopping on Instagram for more than 60,000 BigCommerce brands around the world.
In January, the company entered into a strategic partnership with Handshake, enhancing support for B2B brands selling online.
Earlier, BigCommerce became the first ecommerce platform to natively support Akamai Image Manager and Google’s Accelerated Mobile Pages (AMP), providing merchants with tools to improve mobile performance and conversion at no additional cost.
FinSMEs
25/04/2018