Bigcommerce Lands New Funding, Vows Amazon-like Capabilities
Bigcommerce, a startup ecommerce platform, has landed its largest round of funding to date, a $40 million investment from Revolution Growth, the venture capital fund co-founded by AOL pioneer Steve Case.
That investment brings Bigcommerce’s total funding to $75 million, a windfall the company says it will use to build out its platform and support a marketing campaign as it eyes expansion into new verticals and international markets.
Based in Austin, Texas, Bigcommerce positions itself as an especially attractive option for small businesses just getting started in ecommerce, vowing that its software-as-a-service platform is a fast track to get an online store up and operational.
“Bigcommerce is the big equalizer,” Case said in a statement. “Now every entrepreneur can have Amazon-like ecommerce capabilities, in hours – not months or years.”
The company claims that new customers can get their store up and running within 48 hours. The platform carries no transaction costs, and monthly plans range from $24.95 to $299.95.
As part of the funding commitment, the largest single investment Revolution has made, Case will join Bigcommerce’s board.