EcommerceBytes-NewsFlash, Number 2599 - August 02, 2011     2 of 6

BigCommerce Raises $15 Million to Expand Ecommerce Platform

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BigCommerce raised $15 million in venture capital funding in order to expand the platform so it can help small online retailers take advantage of innovations in online retailing, mobile and social commerce. BigCommerce will expand the company's headcount in both Sydney, Australia and Austin, Texas, including making additions to the senior management team.

Co-founder and co-CEO Eddie Machaalani said BigCommerce clients launched almost 20,000 successful online stores in the last two years, processing $200 million in total transactions, and it is adding over 1,000 new paying clients every month.

BigCommerce's other CEO and co-founder Mitchell Harper said, "The way people buy is changing, and it's no longer just about having your own online store. Small business owners want to sell everywhere their customers are which includes Facebook, eBay, and mobile devices."

General Catalyst Partners provided the Series A investment, and its Managing Director Larry Bohn has joined the BigCommerce board.


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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.


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