Total amount raised
$224.2 Million
Latest funding date
04/01/2018
Location
BigCommerce has successfully raised funding over 7 rounds, with the latest being a Series F round involving notable investors like Goldman Sachs. The company is registered under the ticker NASDAQ:BIGC and has attracted a total of 11 investors, including General Catalyst and Notable Capital.
Keep reading to explore the intricacies of BigCommerce's fundraising journey and the investors backing this innovative platform.
What Is BigCommerce?
BigCommerce, founded in 2003, is a leading SaaS provider headquartered in Austin, Texas. The company specializes in ecommerce solutions, catering to both B2B and B2C markets with a focus on flexibility and scalability.
Operating within industries such as Business Development, E-Commerce, Enterprise Software, SaaS, and Software, BigCommerce employs between 1001-5000 people. The platform is designed to help businesses of all sizes grow and scale, offering a range of services and resources to ensure customer success.
How Much Funding Has BigCommerce Raised?
- Series A
- Amount Raised: USD 15,000,000
- Date: August 2011
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and expand BigCommerce's e-commerce solutions and support its customer base.
- Series B
- Amount Raised: USD 20,000,000
- Date: September 2012
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand market reach.
- Series C
- Amount Raised: USD 40,000,000
- Date: July 2013
- Lead Investors: Revolution
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its customer base.
- Series D
- Amount Raised: USD 55,000,000
- Date: November 2014
- Lead Investors: Notable Capital, SoftBank Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Convertible Note
- Amount Raised: USD 204,369
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational needs.
- Series E
- Amount Raised: USD 30,000,000
- Date: May 2016
- Lead Investors: Notable Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance technological infrastructure.
- Series F
- Amount Raised: USD 64,000,000
- Date: April 2018
- Lead Investors: Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate business growth, expand internationally, and enhance cross-platform capabilities.
Total Amount Raised: USD 224,204,369. Current Valuation: Not publicly disclosed.
Key Investors
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They participated in BigCommerce's Series F funding round.
- Investment Focus Areas: Technology, finance, healthcare, consumer sectors.
- Notable Investments: Uber, Facebook, Spotify.
- Notable Capital
- Details: Notable Capital is a venture capital firm known for its strategic investments in high-growth companies. They have been involved in multiple funding rounds for BigCommerce, including Series D and Series E.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- SoftBank Group
- Details: SoftBank Group is a multinational conglomerate holding company known for its investments in technology, telecommunications, and internet companies. They participated in BigCommerce's Series D funding round.
- Investment Focus Areas: Technology, telecommunications, internet companies.
- Notable Investments: Alibaba, WeWork, Uber.
- Revolution
- Details: Revolution is a venture capital firm that focuses on investing in companies outside of Silicon Valley. They participated in BigCommerce's Series C funding round.
- Investment Focus Areas: Healthcare, education, consumer products.
- Notable Investments: Sweetgreen, DraftKings, Zipline.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They have been involved in multiple funding rounds for BigCommerce, including Series A and Series B.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Airbnb, Stripe, Snap.
What's Next for BigCommerce?
BigCommerce stands at the cusp of significant growth opportunities, particularly with its plans to expand into international markets like Europe. The integration with social media platforms such as Instagram for direct purchases and partnerships with major companies like PayPal and Google further solidify its position in the e-commerce landscape. The company targets mid-sized businesses, a market segment with substantial revenue potential.
Future fundraising opportunities appear promising, with the potential for an IPO on the horizon. This move could provide the necessary capital to fuel further expansion and innovation. However, BigCommerce will need to navigate challenges such as intense competition from other e-commerce platforms and the complexities of international expansion.
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