BigCommerce

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BigCommerce Inc.
TypePublic
IndustryeCommerce
Founded2009
HeadquartersAustin, Texas
Key people
Brent Bellm (CEO)
Eddie Machaalani (Co-Founder, Executive Chairman)
Mitchell Harper (Co-Founder)
Lisa Pearson (CMO)
Brian Dhatt (CTO)
Robert Alvarez (COO & CFO)
ProductsHosted Shopping Cart
RevenueIncrease $112.1 Million (2019)[1]
Number of employees
600
Websitewww.bigcommerce.com

BigCommerce is a NASDAQ-listed ecommerce platform that provides software as a service services to retailers.[1] The company’s platform includes online store creation, search engine optimization, hosting, and marketing and security from small to Enterprise sized businesses.[2][3]

History

BigCommerce was founded in Sydney, Australia in 2009 by Australians Eddie Machaalani and Mitchell Harper, who met in an online chatroom in 2003.[4] One year after meeting, Machaalani and Harper launched their first company, Interspire, which evolved into BigCommerce.[4] The company opened its first United States office in Austin, Texas in 2009.[5]

The company raised $15 million in Series A funding from General Catalyst Partners in July 2011.[6]

In 2014, the company expanded its presence on the West Coast, opening a San Francisco office and hiring personnel from PayPal and Amazon.[3] In 2015, BigCommerce acquired Zing, a checkout and inventory software startup.[7]

Brent Bellm, the former HomeAway COO who led HomeAway through its IPO, replaced Machaalani and Harper as CEO in 2015.[8]

BigCommerce partnered with Amazon in 2016 to provide its retailers with the capability to sync inventory across both channels.[9]

In 2019, the company opened its ecommerce platforms to legally-operating U.S.-based CBD and hemp merchants.[10]

In July 2020, BigCommerce filed for IPO.[1][11] The company went public on August 5, 2020.[12]

Services

BigCommerce provides software to businesses that helps them set up and manage online and mobile stores, handle payments and currency conversions.[13][14]

As of June 2020, BigCommerce served 60,000 online stores in 120 countries.[15]

See also

References

  1. ^ a b c Wilhelm, Alex (13 July 2020). "BigCommerce files to go public". TechCrunch. Retrieved 23 March 2021.
  2. ^ Mac, Ryan (19 November 2014). "SoftBank Continues E-commerce Kick As Bigcommerce Raises $50 Million". Forbes. Retrieved 4 February 2021.
  3. ^ a b Kokalitcheva, Kia (19 March 2014). "Bigcommerce grabs two key new hires and a new SF office to keep 'democratizing retail'". Venture Beat. Retrieved 2 February 2021.
  4. ^ a b Ryall, Jenni (19 November 2014). "2 Aussies who met in a chat room created a start-up valued at $500 million". Mashable.
  5. ^ Edgemon, Erin (3 September 2019). "First look: BigCommerce expands Austin HQ". Austin Business Journal. Retrieved 11 February 2021.
  6. ^ Rao, Leena (31 July 2011). "BigCommerce Raises $15 Million To Help Retailers Manage E-Commerce". TechCrunch.
  7. ^ Shu, Catherine (29 April 2015). "Bigcommerce Acquires Checkout And Inventory Software Startup Zing". TechCrunch. Retrieved 2 February 2021.
  8. ^ Rao, Leanna (8 June 2015). "Bigcommerce adds payments, marketplace expertise with new CEO". Fortune. Retrieved 4 February 2021.
  9. ^ Staff (12 October 2016). "BigCommerce has integrated its inventory tracking with Amazon". Business Insider. Retrieved 11 February 2021.
  10. ^ Alcantara, Ann-Marie (20 August 2019). "BigCommerce Rolls Out Suite of Tools to Make Life Easier for CBD Brands". AdWeek. Retrieved 11 February 2021.
  11. ^ Savitz, Eric J. (July 14, 2020). "As Shopify Rallies, Online Rival BigCommerce Files for IPO". Barron's. Retrieved 21 July 2020.
  12. ^ Tse, Crystal (5 March 2021). "BigCommerce Almost Triples Briefly in U.S. Trading Debut". Bloomberg. Retrieved 23 March 2021.
  13. ^ Alden, William (25 July 2013). "Revolution Fund Invests $40 Million in E-Commerce Start-Up". The New York Times. Retrieved 2 February 2021.
  14. ^ Levy, Ari (11 August 2020). "Before BigCommerce's 200% IPO pop, Intuit offered $1.5 billion for the software company". CNBC. Retrieved 9 February 2021.
  15. ^ Savitz, Eric J. (July 14, 2020). "As Shopify Rallies, Online Rival BigCommerce Files for IPO". Barron's. Retrieved 21 July 2020.

External links