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Wed, 04/25/18, 02:00:00 PM
BigCommerce Closes Oversubscribed $60+ Million Round of New Growth Equity Funding Led by Goldman Sachs
Funding to accelerate product roadmap, growth initiatives, international expansion
Austin, TEXAS – April 25, 2018 – BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, Solo Stove, Ted Baker and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit www.bigcommerce.com or follow us on Twitter, LinkedIn, Instagram and Facebook.**
BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.**
“Our mission is to help every business selling online maximize success through the benefits of SaaS,” said Brent Bellm, CEO for BigCommerce. “Ecommerce is constantly evolving, and brands need technologies that allow them to stay current and competitive. With this funding, we will continue investing aggressively in our platform, technology and team to serve customers’ needs at every phase of their growth.”
“We are excited to partner with Brent and the BigCommerce team," said Holger Staude, Vice President Private Capital Investing at Goldman Sachs. "BigCommerce is an acknowledged leader in SaaS ecommerce for the mid-market, and given its track record and scale we see tremendous opportunity for continued growth.”
The funding follows several recent company milestones, including new and expanded strategic partnerships with leading 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 this year, BigCommerce became the first ecommerce platform to natively support Akamai Image Manager and Google’s Accelerated Mobile Pages (AMP), providing merchants powerful tools to improve mobile performance and conversion at no additional cost.
“The overwhelming interest we received for this round further validates our belief that the future of ecommerce is powered by SaaS,” said Russell Klein, Chief Development Officer for BigCommerce. “We look forward to leveraging Goldman Sachs' considerable resources and expertise.”
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