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April 25, 2018Blog Posts

BigCommerce raises $64 million to take on Shopify, fuel expansion

ZDNet:

BigCommerce says it has raised $64 million in equity funding led by Goldman Sachs to fuel a range of expansion efforts. The Austin, Texas-based company is also looking to the cash injection to help it keep pace and compete with its Canadian rival Shopify. BigCommerce has steadily gained market share as an e-commerce SaaS provider since its founding in Sydney in 2009, but the company still trails behind Shopify when it comes to the size of its user base and the number of sites powered by its platform.

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