BigCommerce

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BigCommerce
Industry eCommerce
Founded 2009
Headquarters Austin, Texas
Key people
Brent Bellm (CEO)
Eddie Machaalani (Co-Founder,Executive Chairman)
Mitchell Harper (Co-Founder)
Products Hosted Shopping Cart
Website www.bigcommerce.com

BigCommerce is a privately held technology company that develops e-commerce software for businesses. The company was founded in 2009 and has 456 employees with headquarters in Austin, Texas and additional offices in San Francisco, California and Sydney, Australia. [1][2]

The company reports that $16 billion in total sales have been processed by the BigCommerce platform.[3]

History

BigCommerce was founded in 2009 by Australians Eddie Machaalani and Mitchell Harper following a chance meeting in an online chatroom in 2003.[4][5] In August 2009, the two relaunched a hosted version of Interspire Shopping Cart called “BigCommerce”[6] and opened its first U.S. office.

BigCommerce was 100% bootstrapped[7] until July 31, 2011, when it closed $15 million in Series A funding from General Catalyst Partners.[8] At the time, the company announced its client count had grown 680% year over year.[9]

In January 2012, BigCommerce launched a $2 million integration fund for developers,[10] which was used to fund 31 applications in the BigCommerce App Marketplace.[11] The company subsequently received $20 million in Series B financing in September 2012, led by General Catalyst Partners and Floodgate Fund.[12][13]

In July 2013, BigCommerce raised another $40 million in Series C financing from Revolution Growth, an investment firm led by former AOL Chief Executive Steve Case.[14][15] In November 2014, the company announced $50 million in series D financing from investors SoftBank Capital, Telstra Ventures, and American Express,[16] bringing the company’s total funding to $125 million.[17]

In April 2015, BigCommerce made its first acquisition, buying Zing, a Texas-based company that sold checkout software to retailers.[18][19]

In May 2015, the company launched a new version of its platform, BigCommerce Enterprise, for high-volume retailers.[20][21]

In June 2015, the company announced a new CEO. Brent Bellm, former HomeAway president and PayPal Europe CEO, succeeded BigCommerce co-founder Eddie Machaalani, who remains with the company as executive chairman of the board. [22][23][24][25][26]

In October 2017, BigCommerce began offering in-app shopping through Instagram to U.S.-based merchants using their platform.[27] The offering was part of a gradual roll out of Instagram's in-app shopping feature that began in November 2016.[28]

In April 2018, BigCommerce completed a $64 million round of funding led by Goldman Sachs.[29]

See also

References

  1. ^ "BigCommerce | Crunchbase". Crunchbase. Retrieved 2017-12-29.
  2. ^ "About Us, Team and Culture - Bigcommerce". Bigcommerce. Retrieved 2017-12-29.
  3. ^ "BigCommerce About Us Page". BigCommerce.
  4. ^ Warner, Andrew (9 December 2010). "BigCommerce: How Two Programmers Who Met In A Chat Room Bootstrapped A $10 Mil eCommerce Company – With Mitchell Harper". Mixergy.
  5. ^ Ryall, Jenni (19 November 2014). "2 Aussies who met in a chat room created a start-up valued at $500 million". Mashable.
  6. ^ Harper, Mitchell (4 November 2009). "Interspire Shopping Cart Hosted (BigCommerce) Pricing Integrated with Interspire.com".
  7. ^ Mitra, Sramana (10 March 2010). "Deal Radar 2010: BigCommerce". One Million by One Million Blog.
  8. ^ Rao, Leena (31 July 2011). "BigCommerce Raises $15 Million To Help Retailers Manage E-Commerce". TechCrunch.
  9. ^ "BigCommerce Closes $15 Million Series A Investment from General Catalyst Partners". BusinessWire. 1 August 2011.
  10. ^ "BigCommerce Launches $2 Million Integration Fund for Developers". Internet Retailer. 25 January 2012.
  11. ^ Lorek, Laura (21 March 2013). "BigCommerce Completes $2 Million Fund for Developers". Silicon Hills News.
  12. ^ "BigCommerce Secures $20 Million Series B Financing To Expand E-Commerce Platform". Reuters.
  13. ^ Calnan, Christopher (5 September 2012). "BigCommerce collections $20M Series B funding". Austin Business Journal.
  14. ^ Rao, Leena (25 July 2013). "BigCommerce Has Raised $40M from Steve Case's Revolution Growth to Help SMBs Manage E-Commerce". TechCrunch.
  15. ^ Tay, Liz (25 July 2013). "Australia's BigCommerce Has Raised $40m From Former AOL CEO Steve Case's Venture Fund". Business Insider.
  16. ^ Calnan, Christopher (19 November 2014). "BigCommerce raises $50M, eyes IPO". Austin Business Journal.
  17. ^ Shu, Catherine (19 November 2014). "BigCommerce Raises $50M Series D From SoftBank, Telstra, and American Express". TechCrunch.
  18. ^ Del Ray, Jason (28 April 2015). "BigCommerce Confirms First Acquisition". Re/code.
  19. ^ Shu, Catherine (29 April 2015). "BigCommerce Acquires Checkout and Inventory Software Startup Zing". TechCrunch.
  20. ^ Gagliordi, Natalie (12 May 2015). "BigCommerce Rolls Out Enterprise E-commerce Platform To All". ZDNet.
  21. ^ "BigCommerce Rolls Out Enterprise E-Commerce Platform To All". Marketing Land. 12 May 2015.
  22. ^ Mac, Ryan (8 June 2015). "Online Shopping Platform BigCommerce Hires Former HomeAway Exec as New CEO". Forbes.
  23. ^ Rao, Leena. "BigCommerce Raises $15 Million To Help Retailers Manage E-Commerce". TechCrunch.
  24. ^ "BigCommerce Makes it Easy for Online Retail Businesses to Gain Direct Access to Alibaba.com Suppliers". New York Times. 8 April 2015.
  25. ^ Clancy, Heather (15 August 2014). "Can BigCommerce become the next big name in e-commerce". Fortune.
  26. ^ Stanley, T.L. "Startup Uses Eggs to Poach Employees from Facebook, Google". Mashable.
  27. ^ "Instagram expands in-app shopping options via Shopify, Bigcommerce". PaymentsSource. Retrieved 2018-04-27.
  28. ^ "Instagram opens its shoppable posts feature to retailers on Bigcommerce's platform – TechCrunch". techcrunch.com. Retrieved 2018-04-27.
  29. ^ "BigCommerce raises $64 million to power e-commerce sites – TechCrunch". techcrunch.com. Retrieved 2018-04-27.

External links