Bigcommerce

Search for a rising star… it could be you!

 

Josh Tanchel

Josh Tanchel

Guest Post by Josh Tanchel, Partner at Deloitte Private, Start Up & Fast Growth Entrepreneurial Company Specialist. 

Nominate by 26 September to be part of the very hot and very edgy Australian #Fast50Deloitte Tech Fast 50 program – and be in the running to raise your company’s profile big time. 

Now in its 14th year, #Fast50 profiles Australian companies, public or private, that have achieved the fastest rates of annual revenue growth over the past three years.

Each year, #Fast50 also picks winners that have recorded high revenue growth, surviving economic and business expansion challenges. In the last couple of years, cloud technology solutions have helped to democratise scale – making it accessible to all regardless of size. This has encouraged new entrants that can, and are, disrupting existing markets as well as creating brand new niches. 

#Fast50 companies have agility, commitment to innovation, and strong will to succeed in common.

Deloitte partner Josh Tanchel recently caught up with Andre Eikmeier, the CEO of last year’s overall #Fast50 winner, with his innovative online wine retail site – Vinomofo

Vinomofo

Andre said, the win was a game-changer for his business. “Winning Deloitte Tech Fast 50 created great PR exposure for us, which gave an overnight boost to our membership base – so real returns for us – and it also validated the team’s years of hard work and commitment.”

Andrew also appreciated the support and connections Deloitte Private offered Vinomofo over the course of the program.

It’s true – #Fast50 is helping to improve the startup ecosystem in Australia.

This year, ASX stepped in to be lead sponsor of the Deloitte Technology Fast 50. Given the number of successful IPOs of technology companies in the last 12 months, such as Freelancer, Ozforex and Bulletproof, this is a very cool development for which we are very excited. The ASX timing is on the money. 

As a great supporter of the Australian tech sector, the ASX, like Deloitte Private, recognise the huge future and value that startups can deliver the wider economy, as we transition from decades of resources dominated growth.

The significant growth that previous iconic technology #Fast50 companies like Atlassian, Big Commerce, Oz Forex, Kogan and Seek continue to achieve has now gone global. Remember, it takes years, not months to build.

Ultimately the effectiveness of any startup ecosystem is measured by the number of iconic startups it helps to nurture. We hope that this year’s #Fast50 program continues to be an effective proving ground for the next generation of big name success stories helping them emerge from the Australian technology sector and make an impact on the world stage.

Apply for this years #Fast50 program here

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

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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