Secured funding
BigCommerce, a software-as-a-service firm for small and medium-sized e-commerce sites, has raised USD40m in funding from Revolution Growth. Austin-based BigCommerce provides small and medium-sized e-commerce businesses with the same kind of software capabilities as the likes of Amazon enjoy.
The company’s software has attracted 35,000 subscribers since launching four years ago. BigCommerce and its previous backers are reported to have been uninterested in raising funding, as the company has just taken in USD20m from General Catalyst Partners and Floodgate ten months ago.
However, Revolution is on something of an investment spree having made three in the last two months, including USD20m investments in both Lolly Wolly Doodle and Optoro. The firm’s co-founder, former AOL boss, Steve Case, will become chairman as a result of the round.
“Bigcommerce is the big equaliser,” CEO Case said of the company. “Now every entrepreneur can have Amazon-like e-commerce capabilities, in hours – not months or years.”
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