US-based e-commerce platform developer BigCommerce picked up $30m in series E funding on Tuesday from a consortium featuring telecommunications firms Telstra and Softbank and payment services provider American Express.
The corporates invested through their respective investment vehicles Telstra Ventures, Softbank Capital and American Express Ventures. GGV Capital led the round, which included General Catalyst Partners, Revolution Growth, Tenaya Capital, Split Rock, Floodgate and angel investor Stephan Schambach.
BigCommerce operates a cloud-based platform that enables small and medium-sized enterprises as well as large corporations to easily set up an online store. The platform provides order processing, analytics, mobile commerce and marketing tools.
Jeff Richards, managing partner at GGV Capital, will join BigCommerce’s board of directors. BigCommerce has raised $155m to date, including $50m in a Softbank Capital-led series D round in 2014 that included Telstra Ventures, American Express Ventures, General Catalyst and Revolution Growth.
Brent Bellm, chief executive of BigCommerce, said: “BigCommerce is benefitting from the retail industry shifting online, with every small, mid-sized and large merchant in the world seeking to gain a piece of the $1 trillion e-commerce market.
“This new financing follows on the successful launch of several new products, our partnerships with major players in ecommerce like eBay and Square, and our successful expansion into the mid-market.”