US-based e-commerce platform developer Bigcommerce secured $50m yesterday in a series D round led by SoftBank Capital, a venture capital affiliate of telecommunications firm SoftBank.
The round also included Telstra Ventures, the corporate venturing unit of telecom company Telstra, payment services firm American Express, and existing backers General Catalyst Partners and Revolution Growth.
Bigcommerce is the creator of an e-commerce platform that provides themes, order processing, analytics, mobile commerce and marketing tools to small and medium-sized retailers.
The company has now raised $125m since it was founded in 2009, while previous investors also include venture capital fund Floodgate.
Eddie Machaalani, chief executive of Bigcommerce, said: “Partnering with SoftBank Capital gives us access to the growing Asian market and opportunities within SoftBank Group companies, including Alibaba, while American Express and Telstra share our passion for helping businesses in the US and Australia respectively.
“With this new round of funding, we will continue to level the commerce playing field so that every merchant has the opportunity to build a compelling brand and scalable business to effectively compete with the largest players in their industry.”
Steve Murray, a partner at SoftBank Capital, will join Bigcommerce’s board of directors in conjunction with the funding.