High-growth E-commerce Platform Attracts $US15 Million Funding

By Neha Kale | 02 Aug 2011

E-Commerce platform BigCommerce is set to further accelerate its growth thanks to $US15 million in investment funding from General Catalyst Partners.

BigCommerce, the fastest growing e-commerce platform in the world, has just attracted $15 million in Series A investment funding from General Catalyst Partners. The funds will be used to expand the company’s presence in Sydney and Austin, speed up the launch of enterprise-level features to small business customers and accelerate distribution of the product platform. BigCommerce has clocked significant growth since September 2009 and currently counts almost 20,000 clients.

“Our platform has been used to launch almost 20,000 successful online stores in the last two years, making it the fastest growing e-commerce platform in the world,” said Eddie Machaalani, co-founder and co-CEO of BigCommerce.

According to The Washington Post, BigCommerce is adding clients at rate of 1000 a month and has already processed $US200 million in total transactions.

“We’ve proven BigCommerce can scale and we’ve proven the model. Now it’s time to expand our platform so we can help businesses take advantage of innovations around online retailing, mobile and social commerce,” added Mitchell Harper, co-founder and co-CEO

“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. BigCommerce gives them the tools they need to do just that.”

The platform offers a host of features including multi-channel retailing, inventory control and automated email marketing. It also recently launched an application allowing retailers to list inventory on Facebook.

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