Bigcommerce

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Bigcommerce
Industry eCommerce
Founded 2009
Headquarters Austin, Texas
Products Hosted Shopping Cart
Website www.bigcommerce.com

Bigcommerce is a privately held technology company that develops e-commerce software for businesses. The company was founded in 2009 and has 370 employees with headquarters in Austin, Texas and additional offices in San Francisco, California and Sydney, Australia.[citation needed]

The company reports that $8 billion in total sales have been processed by the Bigcommerce platform.[1]

History

Bigcommerce was founded in 2009 by Australians Eddie Machaalani and Mitchell Harper following a chance meeting in an online chatroom in 2003.[2][3] In August 2009, the two relaunched a hosted version of Interspire Shopping Cart called “BigCommerce”[4] and opened its first U.S. office.

Bigcommerce was 100% bootstrapped[5] until July 31, 2011, when it closed $15 million in Series A funding from General Catalyst Partners.[6] At the time, the company announced its client count had grown 680% year over year.[7]

In January 2012, Bigcommerce launched a $2 million integration fund for developers,[8] which was used to fund 31 applications in the Bigcommerce App Marketplace.[9] The company subsequently received $20 million in Series B financing in September 2012, led by General Catalyst Partners and Floodgate Fund.[10][11]

In July 2013, Bigcommerce raised another $40 million in Series C financing from Revolution Growth, an investment firm led by former AOL Chief Executive Steve Case.[12][13] In November 2014, the company announced $50 million in series D financing from investors SoftBank Capital, Telstra Ventures, and American Express,[14] bringing the company’s total funding to $125 million.[15]

In April 2015, Bigcommerce made its first acquisition, buying Zing, a Texas-based company that sold checkout software to retailers.[16][17]

In May 2015, the company launched a new version of its platform, Bigcommerce Enterprise, for high-volume retailers.[18][19]

In June 2015, the company announced a new CEO. Brent Bellm, former HomeAway president and PayPal Europe CEO, succeeded Bigcommerce co-founder Eddie Machaalani, who remains with the company as executive chairman of the board.[20][21][22][23][24]

Products

Bigcommerce offers its shopping cart product at three different levels of pricing, features, and service. The lowest tier costs 29.95 USD/mo. and includes a 1.5% transaction fee, and offers basic features. The high tier, at 79.95 USD/mo. adds advanced analytics, sales, website integration, and payment tools, and also reduces limitations such as number of products.

Finally, Bigcommerce offers a custom enterprise-level plan. Many small companies are being forced to upgrade from the high-tier (Pro-Plan) to the Enterprise-Plan. Companies forced to upgrade to the Enterprise Plan will see their monthly payment increase from $79.95 USD/mo to a whopping $539.95 USD/mo.

[25][26]

See also

References

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External links

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