Bigcommerce Capital Loans: What You Need To Know

BigCommerce has secured millions in financing and funding from various sources, including venture capital firms and investors. For example, in 2016, BigCommerce secured $30 million in financing led by GGV Capital, with participation from existing investors. In addition, BigCommerce announced a $64 million growth equity investment led by Goldman Sachs, with backing from General Catalyst, GGV Capital, and Tenaya Capital. While these sources provide funding for the company's operations and growth, it is unclear if BigCommerce directly offers capital loans to its merchants or partners. Big Think Capital, a separate entity, is a lending marketplace that offers business loans and financing options, including working capital loans.

GGV Capital's $30 million investment in BigCommerce

GGV Capital led a $30 million investment round in BigCommerce, a leading ecommerce platform for fast-growing and mid-market brands. BigCommerce's software-as-a-service (SaaS) platform enables merchants to cost-effectively grow their businesses with increased traffic, higher conversion rates, and superior performance.

The funding from GGV Capital, a Silicon Valley and China-based investment firm, is expected to fuel BigCommerce's expansion and enhance its ecommerce platform. GGV Capital's managing partner, Jeff Richards, joined the BigCommerce board of directors following the investment.

BigCommerce has achieved significant milestones in the year preceding the investment, including the launch of the Stencil development framework, which offers greater flexibility and customization for developers and customers building stores on the platform. The company also expanded its presence with new offices in San Francisco and Austin, Texas, to accommodate its growing product and engineering teams.

The investment from GGV Capital is a testament to BigCommerce's potential and its role in the global shift from offline to online retail. With the funding, BigCommerce aims to further invest in strategic priorities, including platform APIs and SDKs, enhanced storefront design, international tools, and omnichannel integrations.

BigCommerce's founders, Eddie Machaalani and Mitch Harper, launched the company in 2009 with a passion for small businesses and a belief in making online selling more accessible. Since then, BigCommerce has experienced rapid growth and now ranks as the world's second-largest SaaS platform, serving merchants in over 150 countries.

Goldman Sachs' $64 million investment in BigCommerce

BigCommerce, an e-commerce platform that helps retailers run their online operations, raised $64 million in growth funding led by Goldman Sachs. The funding round also saw participation from General Catalyst, GGV Capital, and Tenaya Capital. The Austin-based company, founded in 2009, has raised around $155 million from names like Telstra and SoftBank. With the latest funding, BigCommerce has now raised over $200 million.

BigCommerce has grown to become the industry's most popular and fastest-growing SaaS e-commerce platform serving Internet Retailer Top 1000 brands. More than 60,000 merchants across 120 countries are powered by the BigCommerce platform, including Avery Dennison, Ben & Jerry's, Gibson, Paul Mitchell, Sharp, Skullcandy, and Sony. To date, merchants selling on the BigCommerce platform have processed more than $17 billion in sales.

Brent Bellm, CEO of BigCommerce, said:

> "Our mission is to help every business selling online maximize success through the benefits of SaaS. 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."

Holger Staude, VP of Private Capital Investing at Goldman Sachs, added:

> "BigCommerce is an acknowledged leader in SaaS e-commerce for the mid-market, and given its track record and scale, we see tremendous opportunity for continued growth."

With the new funding, BigCommerce plans to expedite its product development and international expansion. The company has also quelled talk of an IPO following previous funding rounds, and it has yet to confirm whether it will go public in the near future.

BigCommerce's funding for fast-growing brands

BigCommerce is a cloud e-commerce platform that combines enterprise functionality, an open architecture, an app ecosystem, and market performance to enable businesses to grow online sales. It is the SaaS leader serving enterprise-level, mid-market sites, with a monthly retention rate of over 99.5%.

BigCommerce has raised over $200 million in funding, with $64 million in growth equity funding led by Goldman Sachs, and participation from current investors General Catalyst, GGV Capital, and Tenaya Capital. The company has also secured $30 million in financing led by GGV Capital, with participation from existing investors, including Stephan Schambach, the founder and former chairman of Demandware.

BigCommerce's funding is used to invest in its platform, technology, and team to serve customers' needs at every phase of their growth. The company has formed several strategic partnerships, including with Verndale, TechBlocks, and Ecommpay, and launched new features and partner integrations to support growth. BigCommerce has also invested in its Enterprise product and service to compete with on-premise incumbents like Magento, Oracle, and IBM.

BigCommerce's funding allows the company to continue to invest in strategic priorities, including platform investment, which is the number one use of proceeds from their growth capital. With its funding, BigCommerce is able to power success at every stage of a business's growth, from SMBs to Enterprise customers, and provide the key capabilities, performance, and scalability that businesses need to grow online sales with less cost, time, and complexity.

BigCommerce's investment in its customers and partners

BigCommerce has demonstrated its commitment to investing in its customers and partners through various initiatives and strategies. Firstly, they have secured significant funding from leading investment firms, such as Goldman Sachs, GGV Capital, and General Catalyst. This $64 million growth equity investment will be used primarily for platform investment, with a focus on improving platform openness, customizability, and flexibility. By investing in their platform, BigCommerce aims to deliver better solutions and freedom of choice to its customers.

Additionally, BigCommerce has partnered with thousands of agencies, ranging from freelancers and SMB agencies to enterprise organizations and global SIs. These partnerships provide a wide range of support solutions to existing clients, ensuring that merchants at all stages of growth can benefit from their ecosystem. BigCommerce also integrates with market leaders in various categories, further enhancing the experience for its customers.

International expansion is another key area of investment for BigCommerce. With a presence in over 150 countries and a strong base of customers outside the United States, they plan to expand further in Europe. This expansion includes opening a regional headquarters and hiring additional personnel, demonstrating their commitment to serving a global customer base.

Moreover, BigCommerce has introduced monetary incentives to engage and motivate its partners. Their Marketing Development Fund (MDF) Program offers funds to select partners to support their marketing and business development activities, helping offset development and marketing costs. BigCommerce also provides education and enablement about its platform, creating a network of experts who can recommend their solutions based on client needs.

Overall, BigCommerce's investments in its platform, international expansion, and partner programs demonstrate its commitment to the success and growth of its customers and partners. These initiatives position BigCommerce as a well-capitalized private ecommerce platform, dedicated to delivering the best products and services to its global customer base.

Leading brands joining the BigCommerce platform

BigCommerce, a leading open SaaS and composable ecommerce platform, has secured funding and investments from major companies. In May 2016, BigCommerce secured $30 million in financing led by GGV Capital, with participation from existing investors such as General Catalyst, Revolution Growth, SoftBank Capital, and American Express Ventures. In August 2023, the company announced a $64 million growth equity investment led by Goldman Sachs, with backing from current investors General Catalyst, GGV Capital, and Tenaya Capital.

BigCommerce's funding and investments have allowed the company to enhance its platform and attract leading brands and retailers. Some of the leading brands that have joined the BigCommerce platform include category-leading companies such as Camelbak and Toyota. BigCommerce empowers these brands and retailers of all sizes to build, innovate, and grow their businesses online. The platform offers advanced B2B features, omnichannel feed and data transformation, and the ability to manage multiple unique stores from one account.

BigCommerce has introduced over 100 significant platform enhancements, new features, and integrations to empower its customers further. These include improvements in omnichannel, global selling, and B2B capabilities, as well as event-driven real-time sync for brands using Feedonomics. Additionally, BigCommerce offers sophisticated enterprise-grade functionality, customization, and performance with simplicity and ease of use.

The company has been recognised as a trusted business partner by Inc. Business Media in its 2023 Power Partner Awards. BigCommerce's ongoing commitment to equipping brands and retailers with the tools they need to innovate and grow has been acknowledged. Scott Omelianuk, editor-in-chief of Inc. Business Media, highlighted the importance of trusted B2B partners in providing guidance and expertise to founders and entrepreneurs.

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