BigCommerce, a US-based e-commerce software provider that counts several corporates as investors, completed a $64m round led by investment banking firm Goldman Sachs’ Private Capital Investing unit yesterday.
Venture capital firms General Catalyst, GGV Capital and Tenaya Capital also participated in the round, which lifted the company’s overall funding to $219m since it was founded in Australia in 2009.
BigCommerce supplies cloud software that companies can use to sell their products online. Its clients include ice cream brand Ben & Jerry’s, headphones producer Skullcandy, consumer electronics manufacturer Sony and carmaker Toyota.
Brent Bellm, chief executive of BigCommerce, said: “Our mission is to help every business selling online maximise success through the benefits of [software-as-a-service].
“E-commerce is constantly evolving, and brands need technologies that allow them to stay current and competitive. With this funding, we will continue investing aggressively in our platform, technology and team to serve customers’ needs at every phase of their growth.”
BigCommerce’s earlier investors include SoftBank Capital, a now-shuttered corporate venturing subsidiary of telecommunications group SoftBank, which led its $50m series D round in 2014.
Telstra Ventures, an investment vehicle for telecoms firm Telstra, also backed the series D round, as did payment services provider American Express, General Catalyst and Revolution Growth.
The company added $30m from Telstra Ventures, Softbank Capital, Amex subsidiary American Express Ventures, GGV Capital, General Catalyst, Tenaya Capital, Revolution Growth, Split Rock, Floodgate and angel investor Stephan Schambach in 2016.