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
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