Sellers know BigCommerce as a platform on which they may choose to host their online stores, and it made news headlines recently when it received a major endorsement from eBay. This week, BigCommerce made headlines again by announcing it had raised $30 million, which it will use to expand its merchant customer base, drive product innovation, and expand globally.
While ecommerce is not in its infancy, backers of BigCommerce believe there is much more potential than currently realized. CEO Brent Bellm, who prevously spent 9 years at eBay and PayPal, said in the announcement, “BigCommerce is benefitting from the retail industry shifting online, with every small, mid-sized and large merchant in the world seeking to gain a piece of the $1 trillion ecommerce market.”
GGV Capital’s Jeff Richards, who will join the BigCommerce board, reinforced the point: “We believe we are still in the early innings of a massive global shift from offline to online retail, with mobile and younger demographics driving the trend. BigCommerce and its competitors have brought hundreds of thousands of merchants online in the past few years, but there are millions left to come online – and today’s shopper shops online first.”
A spokesperson told EcommerceBytes, “BigCommerce will be using the new funding to expand its team across all offices – Austin, San Francisco and Sydney – to bring integrations like our partnership with eBay to market faster.”
Last month, BigCommerce announced it would launch a beta test of a real-time integration with eBay that would let BigCommerce merchants list, manage and sell on the eBay marketplace through the platform’s control panel, providing them with centralized inventory management.
A BigCommerce spokesperson hailed the funding in what is a tough environment, noting that during the past quarter, “BigCommerce adjusted its business model to meet the needs of fast-growing and high-volume businesses, solidifying the company’s sustainable growth and its ability to reach new markets.”