E-commerce website developer BigCommerce has netted $64m in its growth equity funding round led by Goldman Sachs.
Other commitments to the round came from General Catalyst, GGV Capital and Tenaya Capital.
Founded in 2009, BigCommerce provides retailers with tools to create their own online e-commerce platforms. Its technology supports retailers with design their own online shopping website but also to sell through other channels including, Amazon, eBay, Facebook, Instagram, Google Shopping and Square.
Clients can integrate their platform with POS solutions which can process a variety of transaction types, and from around the world.
Its services are used by over 60,000 merchants across 120 countries, including Avery Dennison, Ben & Jerry’s, Gibson, Paul Mitchell, Sharp, Skullcandy and Sony. To date, the platform has helped to process over $17bn in sales.
Over the past year, the company has expaned several of its strategic partnerships with companies such as Amazon, eBay, Facebook, Google, Instagram, Square and PayPal. Last month, the company increased its collaboration with Instagram to enable shopping through the imaging site.
Earlier in the year, the company formed a partnership with Handshake to improve B2B brads selling online.
BigCommerce CEO Brent Bellm said, “Ecommerce 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.”
This new equity line brings the company’s total funding efforts to $200m. Prior to this investment, BigCommerce collected $30m in funding led by GGV Capital.
Goldman Sachs has been very active in the FinTech space this year with this marking its eighth deal so far. Earlier in the month, Goldman Sachs acquired personal finance platform Clarity Money in an undisclosed deal.
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