$2 billion in sales processed – Bigcommerce is making it big on the world stage

by Mike88Aug 6, 2013

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BigCommerce raises $40m

BigCommerce raises $40m

Australian founded Bigcommerce has just passed two big important milestones, firstly their Ecommerce platform has processed over $2 billion for their 36000 customers since 2009. This is amazing to build something which is so influential in other peoples businesses and its fantastic they started in Sydney. The second big milestone is they recently announced they have raised $40 million C round from VC’s Revolution Growth taking the total raised to $75 million.

Now $75 gorillas is a lot of money, however they have real traction in the B2B market in a massively growing segment and they themselves are acquiring customers at a very fast (for B2B) rate, 70% of the customers signed up in the 1st quarter of 2013 and they are expecting to do over $3 billion by the end of the year.

As some of you might know, its much harder to get business customers than consumers but they are extremely sticky and once they have committed cash and resourced to your offering they stay for a long time and pay real money.

Congrats to Founders Eddie Machaalani and Mitchell Harper and the rest of the BigCommerce team

BigCommerce Sydney Team

BigCommerce Sydney Team

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About The Author
Mike88
Mike88
Mike Nicholls Australian Inventor + Entrepreneur working with a small team of engineers building prototypes from Inventions including two medical devices. Publishes Startup88.com and has assessed/reviewed +500 inventions and +200 startups in the last 3 years. Mentors Sydney Startups via Incubate and other incubators and helps members of the Australian Startup Community via the Startup88.com website with free publicity and advertising. Experience in numerous industries including Digital Publishing, Cloud Computing, Apps, Hardware, Aviation, Real Estate & Finance and Health/Medical Devices.
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